ASML Holding (NASDAQ:ASML) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lowered its stake in shares of ASML Holding (NASDAQ:ASML) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,531 shares of the semiconductor company’s stock after selling 211 shares during the quarter. Lake Street Advisors Group LLC’s holdings in ASML were worth $2,589,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. increased its holdings in shares of ASML by 41.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after purchasing an additional 1,007 shares during the period. Beacon Pointe Advisors LLC increased its holdings in ASML by 22.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock valued at $1,552,000 after buying an additional 371 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of ASML by 169.4% during the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after acquiring an additional 14,682 shares during the period. Burford Brothers Inc. acquired a new stake in shares of ASML in the 4th quarter worth approximately $761,000. Finally, Montag A & Associates Inc. increased its stake in ASML by 25,520.0% in the 1st quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company’s stock valued at $1,243,000 after purchasing an additional 1,276 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Down 5.4 %

Shares of NASDAQ ASML opened at $752.79 on Friday. The firm has a market cap of $297.04 billion, a P/E ratio of 38.45, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. 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 1 year low of $563.99 and a 1 year high of $1,110.09. The firm’s 50 day moving average price is $925.80 and its 200 day moving average price is $950.52.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.37 earnings per share. As a group, sell-side analysts anticipate that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. This is a boost 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 annualized dividend and a yield of 1.00%. ASML’s payout ratio is 28.50%.

Analyst Ratings Changes

ASML has been the topic of a number of research analyst reports. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company raised their target price 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. JPMorgan Chase & Co. upped their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday. Finally, Susquehanna upped their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.