Wealth Alliance Sells 180 Shares of ASML Holding (NASDAQ:ASML)

Wealth Alliance lessened its holdings in shares of ASML Holding (NASDAQ:ASML) by 7.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,253 shares of the semiconductor company’s stock after selling 180 shares during the quarter. Wealth Alliance’s holdings in ASML were worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Capital Advisory LLC purchased a new stake in ASML in the first quarter worth $26,000. WD Rutherford LLC purchased a new stake in shares of ASML in the first quarter worth $29,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the second quarter worth $31,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of ASML in the fourth quarter worth $34,000. Finally, First Community Trust NA purchased a new stake in shares of ASML in the second quarter worth $34,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.3 %

ASML stock opened at $805.69 on Wednesday. The business’s 50-day moving average is $887.62 and its two-hundred day moving average is $943.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09. The company has a market cap of $317.92 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $6 billion. During the same quarter last year, the company earned $5.37 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, analysts forecast that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.93%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is 28.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Wells Fargo & Company upped their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna upped their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Company Profile

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.