Great Valley Advisor Group Inc. Lowers Stock Holdings in ASML Holding (NASDAQ:ASML)

Great Valley Advisor Group Inc. lessened its holdings in ASML Holding (NASDAQ:ASML) by 76.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 640 shares of the semiconductor company’s stock after selling 2,023 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in ASML were worth $655,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of ASML by 4.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,292 shares of the semiconductor company’s stock valued at $32,003,000 after purchasing an additional 1,429 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in ASML by 0.8% during the second quarter. NorthCrest Asset Manangement LLC now owns 4,454 shares of the semiconductor company’s stock worth $4,555,000 after purchasing an additional 34 shares in the last quarter. AA Financial Advisors LLC lifted its stake in ASML by 6.1% during the second quarter. AA Financial Advisors LLC now owns 612 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 35 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in ASML by 2.4% during the second quarter. Ipswich Investment Management Co. Inc. now owns 5,198 shares of the semiconductor company’s stock worth $5,316,000 after purchasing an additional 124 shares in the last quarter. Finally, Traveka Wealth LLC lifted its stake in ASML by 6.4% during the second quarter. Traveka Wealth LLC now owns 743 shares of the semiconductor company’s stock worth $760,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock traded up $9.24 during midday trading on Wednesday, reaching $878.73. 587,710 shares of the stock traded hands, compared to its average volume of 1,234,096. The firm has a fifty day moving average price of $981.77 and a two-hundred day moving average price of $954.32. The firm has a market cap of $346.74 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 1.87 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09.

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

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a yield of 0.85%. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is 28.50%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASML. JPMorgan Chase & Co. upped their price objective 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. Susquehanna upped their price objective 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. Evercore ISI started coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. Wells Fargo & Company lifted their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

About ASML

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.