ASML Holding (NASDAQ:ASML) Position Lessened by OneAscent Financial Services LLC

OneAscent Financial Services LLC lessened its holdings in shares of ASML Holding (NASDAQ:ASML) by 13.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 427 shares of the semiconductor company’s stock after selling 69 shares during the quarter. OneAscent Financial Services LLC’s holdings in ASML were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ASML. Beaird Harris Wealth Management LLC acquired a new position in ASML during the 4th quarter worth $34,000. Creative Financial Designs Inc. ADV raised its stake in shares of ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in ASML in the 4th quarter valued at about $44,000. Bruce G. Allen Investments LLC acquired a new position in ASML during the 4th quarter valued at about $49,000. Finally, First Financial Corp IN bought a new stake in shares of ASML during the 1st quarter worth about $49,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Down 0.5 %

ASML traded down $5.28 during trading on Friday, reaching $1,022.73. The company had a trading volume of 837,765 shares, compared to its average volume of 1,027,876. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,077.22. The company has a market cap of $403.56 billion, a price-to-earnings ratio of 52.23, a PEG ratio of 2.17 and a beta of 1.49. The firm’s 50-day simple moving average is $964.40 and its 200 day simple moving average is $906.53.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. Equities research analysts anticipate that ASML Holding will post 20.12 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ASML shares. Sanford C. Bernstein decreased their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Evercore ISI started coverage on ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company boosted their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,043.00.

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.