Legacy Wealth Asset Management LLC Has $2.63 Million Stake in ASML Holding (NASDAQ:ASML)

Legacy Wealth Asset Management LLC reduced its position in shares of ASML Holding (NASDAQ:ASML) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,714 shares of the semiconductor company’s stock after selling 117 shares during the period. ASML makes up about 0.7% of Legacy Wealth Asset Management LLC’s portfolio, making the stock its 19th biggest holding. Legacy Wealth Asset Management LLC’s holdings in ASML were worth $2,634,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ASML. First PREMIER Bank lifted its stake in ASML by 4.2% in the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 11 shares during the last quarter. Investment Partners LTD. lifted its stake in shares of ASML by 1.2% in the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after acquiring an additional 11 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of ASML by 11.5% during the 4th quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock valued at $95,000 after acquiring an additional 13 shares in the last quarter. Slow Capital Inc. grew its position in 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 during the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in ASML by 4.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 13 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Up 2.2 %

ASML stock traded up $23.52 during mid-day trading on Thursday, hitting $1,071.41. 779,820 shares of the stock were exchanged, compared to its average volume of 1,018,812. The firm’s fifty day simple moving average is $974.14 and its two-hundred day simple moving average is $914.20. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,077.22. The stock has a market capitalization of $422.77 billion, a price-to-earnings ratio of 54.72, a PEG ratio of 2.22 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. Analysts forecast that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The firm also recently announced 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 was Friday, April 26th. This represents a $5.37 annualized dividend and a yield of 0.50%. ASML’s dividend payout ratio is currently 32.53%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASML. Wells Fargo & Company lifted their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Evercore ISI initiated coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein decreased their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average target price of $1,043.00.

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.