MADDEN SECURITIES Corp Lowers Stake in ASML Holding (NASDAQ:ASML)

MADDEN SECURITIES Corp lessened its stake in shares of ASML Holding (NASDAQ:ASML) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,125 shares of the semiconductor company’s stock after selling 150 shares during the quarter. ASML makes up about 1.9% of MADDEN SECURITIES Corp’s portfolio, making the stock its 16th biggest position. MADDEN SECURITIES Corp’s holdings in ASML were worth $4,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ASML. American Capital Advisory LLC purchased a new stake in ASML during the first quarter valued at approximately $26,000. WD Rutherford LLC purchased a new stake in shares of ASML during the 1st quarter valued at $29,000. LRI Investments LLC acquired a new stake in shares of ASML in the 1st quarter worth $37,000. ZRC Wealth Management LLC purchased a new position in ASML during the 1st quarter worth $39,000. Finally, Rocky Mountain Advisers LLC increased its position in ASML by 110.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 22 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of ASML traded up $40.30 during mid-day trading on Thursday, reaching $876.65. The company had a trading volume of 1,446,743 shares, compared to its average volume of 1,238,835. The stock has a market capitalization of $345.92 billion, a P/E ratio of 44.77, a PEG ratio of 1.87 and a beta of 1.49. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,110.09. The stock has a 50 day moving average of $987.65 and a two-hundred day moving average of $951.80. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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 return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the firm posted $5.37 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, analysts expect 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 was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Evercore ISI began coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Susquehanna upped their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Sanford C. Bernstein lowered their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.