GM Advisory Group LLC Decreases Stake in ASML Holding (NASDAQ:ASML)

GM Advisory Group LLC cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 1.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,800 shares of the semiconductor company’s stock after selling 31 shares during the quarter. GM Advisory Group LLC’s holdings in ASML were worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after acquiring an additional 870,010 shares during the last quarter. Jennison Associates LLC boosted its holdings in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares during the last quarter. Fayez Sarofim & Co bought a new stake in ASML in the 1st quarter worth approximately $542,710,000. GQG Partners LLC grew its position in ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after buying an additional 243,850 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ASML has been the topic of a number of research reports. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company upped their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. increased their price objective 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. Finally, Susquehanna boosted their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Trading Up 5.1 %

Shares of NASDAQ:ASML opened at $828.16 on Friday. The stock has a 50 day moving average of $876.71 and a 200 day moving average of $941.27. The company has a market cap of $326.78 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $5.37 EPS. As a group, equities research analysts expect that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The firm 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. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.90%. ASML’s dividend payout ratio is 28.50%.

ASML 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.