Janney Capital Management LLC Sells 1,689 Shares of ASML Holding (NASDAQ:ASML)

Janney Capital Management LLC trimmed its position in shares of ASML Holding (NASDAQ:ASML) by 14.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,258 shares of the semiconductor company’s stock after selling 1,689 shares during the period. Janney Capital Management LLC’s holdings in ASML were worth $9,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in ASML by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock valued at $3,767,464,000 after acquiring an additional 105,196 shares during the last quarter. Sands Capital Management LLC increased its holdings in ASML by 8.1% in the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after acquiring an additional 121,847 shares during the last quarter. Clearbridge Investments LLC increased its holdings in ASML by 2.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock valued at $944,028,000 after acquiring an additional 32,623 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in ASML by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,173,324 shares of the semiconductor company’s stock valued at $888,112,000 after acquiring an additional 24,368 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in ASML by 15.3% in the 4th quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock valued at $867,549,000 after acquiring an additional 151,844 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML traded up $3.07 on Friday, reaching $1,074.48. The company’s stock had a trading volume of 771,089 shares, compared to its average volume of 859,943. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,082.79. The company has a market cap of $423.98 billion, a P/E ratio of 54.88, a PEG ratio of 2.27 and a beta of 1.49. The company has a 50-day simple moving average of $980.63 and a 200 day simple moving average of $917.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. As a group, equities research analysts anticipate that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.50%. ASML’s dividend payout ratio is presently 32.48%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. 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. Finally, Evercore ISI began coverage on shares of ASML in a report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,043.00.

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.