Main Street Research LLC Cuts Holdings in ASML Holding (NASDAQ:ASML)

Main Street Research LLC lessened its position in shares of ASML Holding (NASDAQ:ASML) by 97.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 564 shares of the semiconductor company’s stock after selling 19,030 shares during the period. Main Street Research LLC’s holdings in ASML were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. Kennebec Savings Bank increased its position in ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of ASML in the fourth quarter worth $31,000. Albion Financial Group UT raised its stake in shares of ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 32 shares during the period. Roxbury Financial LLC acquired a new position in shares of ASML during the 4th quarter valued at $39,000. Finally, Caitlin John LLC lifted its holdings in shares of ASML by 78.1% during the 4th quarter. Caitlin John LLC now owns 57 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 25 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Up 2.4 %

Shares of ASML stock opened at $732.22 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $733.25 and a 200 day moving average price of $745.76. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The firm has a market cap of $288.07 billion, a P/E ratio of 35.20, a P/E/G ratio of 1.62 and a beta of 1.54.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, sell-side analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were given a $1.5855 dividend. This is an increase from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML’s dividend payout ratio (DPR) is presently 31.35%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. BNP Paribas started coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Sanford C. Bernstein dropped their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $937.00.

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.