Commonwealth Equity Services LLC Trims Stake in ASML Holding (NASDAQ:ASML)

Commonwealth Equity Services LLC lowered its holdings in ASML Holding (NASDAQ:ASML) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,557 shares of the semiconductor company’s stock after selling 1,222 shares during the period. Commonwealth Equity Services LLC’s holdings in ASML were worth $25,401,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ASML. First Horizon Advisors Inc. lifted its position in ASML by 7.2% during the fourth quarter. First Horizon Advisors Inc. now owns 269 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 18 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of ASML by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after acquiring an additional 105,196 shares during the last quarter. Heritage Wealth Management LLC purchased a new position in ASML in the fourth quarter worth $903,000. Seaview Investment Managers LLC grew its position in ASML by 7.0% in the fourth quarter. Seaview Investment Managers LLC now owns 430 shares of the semiconductor company’s stock worth $325,000 after acquiring an additional 28 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in ASML by 12.7% in the fourth quarter. First Trust Direct Indexing L.P. now owns 7,164 shares of the semiconductor company’s stock valued at $5,423,000 after acquiring an additional 809 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ASML. Kepler Capital Markets upgraded ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Wells Fargo & Company increased their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Cantor Fitzgerald initiated coverage on shares of ASML in a report on Tuesday, January 23rd. They issued an “overweight” rating for the company. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Finally, HSBC initiated coverage on shares of ASML in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Trading Up 3.6 %

NASDAQ:ASML opened at $901.63 on Monday. The firm has a market capitalization of $355.77 billion, a P/E ratio of 46.05, a P/E/G ratio of 2.25 and a beta of 1.49. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,056.34. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $951.12 and a 200 day moving average of $817.16.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be issued a dividend of $1.343 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.60%. ASML’s dividend payout ratio is currently 32.48%.

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.