Rappaport Reiches Capital Management LLC Sells 45 Shares of ASML Holding (NASDAQ:ASML)

Rappaport Reiches Capital Management LLC cut its position in shares of ASML Holding (NASDAQ:ASML) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364 shares of the semiconductor company’s stock after selling 45 shares during the quarter. Rappaport Reiches Capital Management LLC’s holdings in ASML were worth $303,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. American Capital Advisory LLC bought a new position in ASML during the 1st quarter worth approximately $26,000. Resources Management Corp CT ADV bought a new position in ASML during the 2nd quarter worth approximately $26,000. WD Rutherford LLC bought a new position in ASML during the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC bought a new position in ASML during the 2nd quarter worth approximately $31,000. Finally, Beaird Harris Wealth Management LLC bought a new position in ASML during the 4th quarter worth approximately $34,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. 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. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Wells Fargo & Company dropped their price objective on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have 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 a consensus target price of $1,111.80.

ASML Trading Down 1.4 %

ASML opened at $833.97 on Friday. The stock has a market cap of $328.10 billion, a PE ratio of 45.01, a PEG ratio of 2.08 and a beta of 1.48. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $844.34 and a 200-day moving average of $925.55. ASML Holding has a 52 week low of $573.86 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The company had revenue of $6.24 billion during 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%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.37 EPS. Equities research analysts predict that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is presently 30.17%.

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.