Peterson Wealth Services Sells 706 Shares of ASML Holding (NASDAQ:ASML)

Peterson Wealth Services trimmed its position in ASML Holding (NASDAQ:ASML) by 23.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,351 shares of the semiconductor company’s stock after selling 706 shares during the period. Peterson Wealth Services’ holdings in ASML were worth $1,780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its holdings in shares of ASML by 11.5% during the third quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock valued at $5,013,000 after purchasing an additional 881 shares in the last quarter. Savoie Capital LLC bought a new position in shares of ASML in the third quarter worth about $14,658,000. International Assets Investment Management LLC raised its stake in shares of ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after buying an additional 245,488 shares during the period. CenterBook Partners LP raised its stake in shares of ASML by 69.2% in the third quarter. CenterBook Partners LP now owns 11,529 shares of the semiconductor company’s stock worth $6,787,000 after buying an additional 4,716 shares during the period. Finally, Griffin Asset Management Inc. raised its stake in shares of ASML by 9.3% in the fourth quarter. Griffin Asset Management Inc. now owns 19,608 shares of the semiconductor company’s stock worth $14,842,000 after buying an additional 1,661 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company increased their target price on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Susquehanna raised 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. HSBC began coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Finally, Sanford C. Bernstein cut their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Five equities research 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’s stock. According to data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,036.00.

ASML Trading Down 2.1 %

Shares of ASML stock traded down $19.24 on Thursday, reaching $888.37. The company had a trading volume of 675,148 shares, compared to its average volume of 1,222,769. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,056.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.96. The firm has a market cap of $350.54 billion, a price-to-earnings ratio of 42.19, a P/E/G ratio of 2.36 and a beta of 1.48. The firm’s 50-day moving average price is $960.66 and its two-hundred day moving average price is $791.11.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.34 billion. ASML had a return on equity of 68.32% and a net margin of 28.44%. As a group, research analysts predict that ASML Holding will post 20.4 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be issued a $1.343 dividend. 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 presently 24.59%.

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.