Burney Co. Has $938,000 Holdings in ASML Holding (NASDAQ:ASML)

Burney Co. trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 36.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 917 shares of the semiconductor company’s stock after selling 515 shares during the quarter. Burney Co.’s holdings in ASML were worth $938,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Capital Advisory LLC bought a new stake in shares of ASML during the 1st quarter worth approximately $26,000. WD Rutherford LLC acquired a new stake in shares of ASML in the 1st quarter valued at $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the 2nd quarter valued at $31,000. Beaird Harris Wealth Management LLC bought a new position in shares of ASML in the 4th quarter valued at $34,000. Finally, First Community Trust NA acquired a new position in shares of ASML during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Up 1.3 %

Shares of ASML stock traded up $11.49 during trading on Friday, hitting $899.20. The company’s stock had a trading volume of 63,974 shares, compared to its average volume of 1,214,610. The stock has a market cap of $354.81 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The stock has a 50-day moving average price of $951.39 and a two-hundred day moving average price of $954.68.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the company posted $5.37 EPS. The business’s revenue was down 9.5% on a year-over-year basis. Equities research analysts anticipate that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.83%. ASML’s dividend payout ratio is 28.50%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Susquehanna lifted their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Wells Fargo & Company lifted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.