Penobscot Investment Management Company Inc. Lowers Stake in ASML Holding (NASDAQ:ASML)

Penobscot Investment Management Company Inc. decreased its holdings in shares of ASML Holding (NASDAQ:ASML) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,054 shares of the semiconductor company’s stock after selling 366 shares during the period. Penobscot Investment Management Company Inc.’s holdings in ASML were worth $1,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASML. Steigerwald Gordon & Koch Inc. raised its position in ASML by 4.8% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after buying an additional 14 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock worth $2,223,000 after purchasing an additional 14 shares in the last quarter. Trust Point Inc. lifted its position in ASML by 2.4% in the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock valued at $420,000 after purchasing an additional 14 shares during the period. Sunpointe LLC boosted its holdings in ASML by 1.3% in the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 14 shares in the last quarter. Finally, Wealth Quarterback LLC increased its position in ASML by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company’s stock worth $923,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $705.76 on Thursday. The stock’s 50 day moving average price is $730.29 and its 200 day moving average price is $732.96. The firm has a market cap of $277.66 billion, a P/E ratio of 33.93, a PEG ratio of 1.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, sell-side analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were issued a dividend of $1.5855 per share. The ex-dividend date was Tuesday, February 11th. This is an increase from ASML’s previous dividend of $1.08. ASML’s payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of analyst reports. BNP Paribas started coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Wells Fargo & Company upped their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein decreased their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

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.