Janney Capital Management LLC Cuts Stock Holdings in ASML Holding (NASDAQ:ASML)

Janney Capital Management LLC trimmed its position in shares of ASML Holding (NASDAQ:ASML) by 14.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,258 shares of the semiconductor company’s stock after selling 1,689 shares during the quarter. Janney Capital Management LLC’s holdings in ASML were worth $9,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ASML. International Assets Investment Management LLC boosted its holdings in ASML by 48,040.7% during the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after acquiring an additional 245,488 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after buying an additional 203,860 shares during the last quarter. Kodai Capital Management LP purchased a new position in shares of ASML in the 4th quarter worth about $150,318,000. Van ECK Associates Corp boosted its holdings in shares of ASML by 21.2% in the 1st quarter. Van ECK Associates Corp now owns 1,111,404 shares of the semiconductor company’s stock worth $1,078,584,000 after buying an additional 194,190 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of ASML by 15.3% in the 4th quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after buying an additional 151,844 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML traded up $3.07 during midday trading on Friday, hitting $1,074.48. 771,089 shares of the company traded hands, compared to its average volume of 859,943. The stock has a 50-day moving average of $980.63 and a 200-day moving average of $917.60. ASML Holding has a one year low of $563.99 and a one year high of $1,082.79. The firm has a market cap of $423.98 billion, a P/E ratio of 54.88, a PEG ratio of 2.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.54. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. As a group, sell-side analysts predict that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were given a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio (DPR) is 32.48%.

Wall Street Analyst Weigh In

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

ASML Company 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.