Pinnacle Wealth Planning Services Inc. Reduces Stock Holdings in ASML Holding N.V. $ASML

Pinnacle Wealth Planning Services Inc. lessened its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,854 shares of the semiconductor company’s stock after selling 60 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in ASML were worth $1,486,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in shares of ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after purchasing an additional 199,740 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of ASML by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock worth $600,175,000 after purchasing an additional 7,164 shares during the last quarter. Invesco Ltd. raised its position in shares of ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares during the last quarter. Fayez Sarofim & Co lifted its stake in ASML by 2.7% in the 1st quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock valued at $470,910,000 after buying an additional 18,516 shares in the last quarter. Finally, First Manhattan CO. LLC. grew its holdings in ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after buying an additional 268,172 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Rothschild & Co Redburn raised ASML from a “neutral” rating to a “buy” rating in a report on Friday, November 7th. Sanford C. Bernstein reissued a “market perform” rating on shares of ASML in a research note on Wednesday, October 29th. Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Rothschild Redb upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,076.33.

ASML Stock Up 1.3%

Shares of NASDAQ:ASML opened at $1,020.00 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm has a market cap of $401.15 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 1.76 and a beta of 1.88. The stock’s 50-day moving average price is $984.70 and its two-hundred day moving average price is $833.17. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,086.11.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the firm posted $5.28 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were issued a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. ASML’s dividend payout ratio (DPR) is 25.76%.

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.