Private Advisory Group LLC Sells 2,004 Shares of ASML Holding N.V. $ASML

Private Advisory Group LLC trimmed its stake in ASML Holding N.V. (NASDAQ:ASML) by 14.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,592 shares of the semiconductor company’s stock after selling 2,004 shares during the period. ASML accounts for about 1.2% of Private Advisory Group LLC’s investment portfolio, making the stock its 23rd largest position. Private Advisory Group LLC’s holdings in ASML were worth $23,062,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cornerstone Financial Management LLC bought a new position in shares of ASML in the fourth quarter valued at approximately $26,000. Portus Wealth Advisors LLC acquired a new position in ASML in the 1st quarter valued at $32,000. Resources Management Corp CT ADV raised its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the period. North Star Investment Management Corp. lifted its position in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML during the fourth quarter valued at about $30,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 2.1%

Shares of ASML stock opened at $1,883.12 on Tuesday. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a fifty day moving average price of $1,784.33 and a 200 day moving average price of $1,571.25. The stock has a market cap of $740.59 billion, a P/E ratio of 58.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Analysts predict that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s dividend payout ratio (DPR) is currently 22.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Friday, July 10th. Royal Bank Of Canada raised their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Friday, July 17th. Finally, UBS Group restated a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.