ASML Holding (NASDAQ:ASML) Shares Sold by Prossimo Advisors LLC

Prossimo Advisors LLC cut its stake in ASML Holding (NASDAQ:ASML) by 9.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,819 shares of the semiconductor company’s stock after selling 182 shares during the period. ASML accounts for about 0.9% of Prossimo Advisors LLC’s portfolio, making the stock its 24th largest holding. Prossimo Advisors LLC’s holdings in ASML were worth $1,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. increased its position in ASML by 4.8% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 14 shares during the last quarter. Cyndeo Wealth Partners LLC grew its stake in shares of ASML by 0.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after buying an additional 14 shares during the period. Trust Point Inc. increased its holdings in shares of ASML by 2.4% during the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock worth $420,000 after buying an additional 14 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in ASML by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock valued at $768,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 1.0 %

NASDAQ ASML opened at $744.22 on Wednesday. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The firm has a 50 day simple moving average of $731.04 and a 200-day simple moving average of $760.19. The firm has a market cap of $292.79 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.63 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. Equities research analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be issued a dividend of $1.5855 per share. This is an increase from ASML’s previous dividend of $1.08. The ex-dividend date is Tuesday, February 11th. ASML’s dividend payout ratio is 26.83%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ASML shares. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Wells Fargo & Company lifted their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $937.00.

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.