Simplicity Wealth LLC Trims Stake in ASML Holding (NASDAQ:ASML)

Simplicity Wealth LLC trimmed its stake in ASML Holding (NASDAQ:ASML) by 7.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,529 shares of the semiconductor company’s stock after selling 489 shares during the period. Simplicity Wealth LLC’s holdings in ASML were worth $6,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ASML. Lantz Financial LLC purchased a new stake in ASML in the 2nd quarter worth $216,000. Aprio Wealth Management LLC increased its stake in ASML by 4.0% in the 2nd quarter. Aprio Wealth Management LLC now owns 653 shares of the semiconductor company’s stock worth $668,000 after buying an additional 25 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in ASML by 19.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 283 shares of the semiconductor company’s stock worth $289,000 after buying an additional 46 shares in the last quarter. First Affirmative Financial Network increased its stake in ASML by 11.8% in the 2nd quarter. First Affirmative Financial Network now owns 935 shares of the semiconductor company’s stock worth $956,000 after buying an additional 99 shares in the last quarter. Finally, CWM LLC increased its stake in ASML by 3.7% in the 2nd quarter. CWM LLC now owns 1,939 shares of the semiconductor company’s stock worth $1,983,000 after buying an additional 70 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML stock traded up $40.30 during trading on Thursday, reaching $876.65. 1,446,743 shares of the stock traded hands, compared to its average volume of 1,238,835. The company has a market capitalization of $345.92 billion, a price-to-earnings ratio of 44.29, a P/E/G ratio of 1.87 and a beta of 1.49. The business has a fifty day simple moving average of $989.44 and a two-hundred day simple moving average of $952.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the firm earned $5.37 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. Sell-side analysts expect that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.85%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Analysts Set New Price Targets

ASML has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Evercore ISI initiated coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Wells Fargo & Company increased their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.