Eagle Global Advisors LLC Reduces Holdings in ASML Holding N.V. (NASDAQ:ASML)

Eagle Global Advisors LLC lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 3.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,325 shares of the semiconductor company’s stock after selling 242 shares during the period. Eagle Global Advisors LLC’s holdings in ASML were worth $4,191,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Meridian Wealth Management LLC boosted its position in shares of ASML by 20.7% during the 1st quarter. Meridian Wealth Management LLC now owns 991 shares of the semiconductor company’s stock worth $656,000 after purchasing an additional 170 shares during the period. Nuveen LLC purchased a new position in shares of ASML during the 1st quarter worth approximately $1,376,000. First American Trust FSB purchased a new position in shares of ASML during the 1st quarter worth approximately $5,503,000. SouthState Corp boosted its position in shares of ASML by 206.1% during the 1st quarter. SouthState Corp now owns 300 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 202 shares during the period. Finally, Strengthening Families & Communities LLC boosted its position in shares of ASML by 1,301.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 2,802 shares of the semiconductor company’s stock worth $1,864,000 after purchasing an additional 2,602 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 1.3%

Shares of NASDAQ ASML opened at $722.32 on Monday. The company has a market capitalization of $284.18 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.47 and a beta of 1.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. The business has a 50-day moving average of $758.31 and a two-hundred day moving average of $724.37. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the prior year, the business earned $4.01 earnings per share. ASML’s revenue was up 23.2% compared to the same quarter last year. On average, analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were paid a dividend of $1.856 per share. The ex-dividend date was Tuesday, July 29th. This represents a $7.42 annualized dividend and a yield of 1.0%. This is an increase from ASML’s previous quarterly dividend of $1.64. ASML’s dividend payout ratio (DPR) is 26.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASML shares. DZ Bank lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 16th. Citigroup reiterated a “buy” rating on shares of ASML in a report on Monday, May 19th. Jefferies Financial Group lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, June 26th. Sanford C. Bernstein started coverage on shares of ASML in a report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on shares of ASML from $840.00 to $890.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $923.80.

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.