Rehmann Capital Advisory Group Sells 19 Shares of ASML Holding N.V. $ASML

Rehmann Capital Advisory Group lessened its stake in ASML Holding N.V. (NASDAQ:ASML) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 825 shares of the semiconductor company’s stock after selling 19 shares during the period. Rehmann Capital Advisory Group’s holdings in ASML were worth $661,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after buying an additional 199,740 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of ASML by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after buying an additional 7,164 shares during the period. Invesco Ltd. lifted its stake in shares of ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after buying an additional 367,505 shares during the period. Fayez Sarofim & Co lifted its stake in shares of ASML by 2.7% in the first quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock valued at $470,910,000 after buying an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. lifted its stake in ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after purchasing an additional 268,172 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ ASML opened at $1,036.41 on Friday. The firm has a market cap of $407.60 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.67 and a beta of 1.87. The company has a 50 day moving average of $887.10 and a 200-day moving average of $784.34. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,059.00.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $5.28 earnings per share. On average, equities 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 will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be issued a $1.857 dividend. This is an increase from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, October 29th. ASML’s dividend payout ratio (DPR) is 25.56%.

Analysts Set New Price Targets

A number of research analysts have commented on ASML shares. Bank Degroof cut shares of ASML to a “hold” rating in a research note on Friday, October 10th. New Street Research restated a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Arete Research upgraded shares of ASML to a “strong-buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Finally, Morningstar cut shares of ASML to a “hold” rating in a research note on Thursday, September 18th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,051.60.

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.