Linscomb Wealth Inc. Sells 125 Shares of ASML Holding (NASDAQ:ASML)

Linscomb Wealth Inc. cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 27.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 331 shares of the semiconductor company’s stock after selling 125 shares during the quarter. Linscomb Wealth Inc.’s holdings in ASML were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. First PREMIER Bank boosted its stake in shares of ASML by 4.2% in the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after buying an additional 11 shares during the last quarter. Investment Partners LTD. increased its holdings in shares of ASML by 1.2% in the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after purchasing an additional 11 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of ASML by 11.5% in the fourth quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 13 shares during the last quarter. Slow Capital Inc. increased its stake in ASML by 0.3% during the fourth quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock worth $3,336,000 after acquiring an additional 13 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its stake in ASML by 4.7% during the first quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 13 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Up 3.0 %

NASDAQ:ASML traded up $25.76 on Friday, reaching $888.39. The stock had a trading volume of 1,681,620 shares, compared to its average volume of 1,398,346. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $1,003.90 and a 200 day moving average of $944.80. The stock has a market cap of $350.55 billion, a P/E ratio of 45.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.49. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the company posted $5.37 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, research analysts predict that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be given a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a yield of 0.84%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date is Monday, July 29th. ASML’s payout ratio is presently 32.53%.

Analyst Ratings Changes

Several research firms have recently commented on ASML. Susquehanna raised their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Wells Fargo & Company lifted their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. lifted their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Sanford C. Bernstein cut their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Finally, Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.