Malaga Cove Capital LLC Reduces Stake in ASML Holding N.V. $ASML

Malaga Cove Capital LLC lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 32.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,648 shares of the semiconductor company’s stock after selling 782 shares during the quarter. Malaga Cove Capital LLC’s holdings in ASML were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Capstone Wealth Management Group LLC raised its position in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after buying an additional 124 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of ASML by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 11,802 shares of the semiconductor company’s stock valued at $7,820,000 after acquiring an additional 1,777 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of ASML by 20.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,732 shares of the semiconductor company’s stock valued at $1,148,000 after acquiring an additional 297 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of ASML by 31.2% during the 1st quarter. Stratos Wealth Advisors LLC now owns 484 shares of the semiconductor company’s stock valued at $321,000 after acquiring an additional 115 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of ASML by 21.2% during the first quarter. Stratos Wealth Partners LTD. now owns 5,585 shares of the semiconductor company’s stock worth $3,701,000 after purchasing an additional 977 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ASML. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. Citigroup restated a “buy” rating on shares of ASML in a research report on Tuesday, October 7th. Sanford C. Bernstein reiterated a “market perform” rating on shares of ASML in a research report on Wednesday, October 29th. New Street Research restated a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Finally, Morgan Stanley upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,051.60.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,029.20 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $947.04 and a 200-day moving average price of $813.16. The company has a market cap of $404.77 billion, a price-to-earnings ratio of 41.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,086.11.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.ASML’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.28 EPS. As a group, equities analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were paid a dividend of $1.857 per share. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.76%.

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.