Cumberland Partners Ltd Sells 2,700 Shares of ASML Holding (NASDAQ:ASML)

Cumberland Partners Ltd decreased its stake in shares of ASML Holding (NASDAQ:ASML) by 40.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,023 shares of the semiconductor company’s stock after selling 2,700 shares during the quarter. Cumberland Partners Ltd’s holdings in ASML were worth $3,045,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ASML. Toth Financial Advisory Corp increased its holdings in shares of ASML by 11.5% in the fourth quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 13 shares during the last quarter. Slow Capital Inc. raised its holdings in shares of ASML by 0.3% during the 4th quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock worth $3,336,000 after acquiring an additional 13 shares in the last quarter. Alera Investment Advisors LLC boosted its position in shares of ASML by 2.9% during the 4th quarter. Alera Investment Advisors LLC now owns 492 shares of the semiconductor company’s stock valued at $372,000 after acquiring an additional 14 shares during the last quarter. Marcum Wealth LLC grew its holdings in shares of ASML by 3.2% in the fourth quarter. Marcum Wealth LLC now owns 478 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 15 shares in the last quarter. Finally, Allred Capital Management LLC increased its position in ASML by 1.4% in the fourth quarter. Allred Capital Management LLC now owns 1,080 shares of the semiconductor company’s stock worth $817,000 after purchasing an additional 15 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore ISI assumed coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Cantor Fitzgerald started coverage on ASML in a report on Tuesday, January 23rd. They issued an “overweight” rating for the company. Susquehanna increased their price target on ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, HSBC initiated coverage on shares of ASML in a research note on Thursday, February 22nd. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,036.00.

ASML Trading Up 3.4 %

Shares of NASDAQ ASML traded up $29.52 during mid-day trading on Tuesday, reaching $901.57. 989,407 shares of the company’s stock were exchanged, compared to its average volume of 1,248,775. The company’s 50-day moving average is $957.00 and its 200-day moving average is $800.90. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,056.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The firm has a market capitalization of $355.75 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 2.11 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.34 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. Analysts expect that ASML Holding will post 20.31 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be issued a $1.343 dividend. The ex-dividend date is Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.60%. ASML’s dividend payout ratio is presently 27.02%.

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.