Oak Grove Capital LLC Reduces Stock Holdings in ASML Holding N.V. $ASML

Oak Grove Capital LLC decreased its stake in ASML Holding N.V. (NASDAQ:ASML) by 61.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 400 shares of the semiconductor company’s stock after selling 650 shares during the quarter. Oak Grove Capital LLC’s holdings in ASML were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASML. GAMMA Investing LLC boosted its holdings in shares of ASML by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 2,114 shares of the semiconductor company’s stock worth $1,401,000 after purchasing an additional 119 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of ASML by 207.3% in the 1st quarter. Golden State Wealth Management LLC now owns 295 shares of the semiconductor company’s stock worth $196,000 after purchasing an additional 199 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of ASML by 54.2% in the 1st quarter. Perigon Wealth Management LLC now owns 1,784 shares of the semiconductor company’s stock worth $1,182,000 after purchasing an additional 627 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of ASML by 1.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company’s stock worth $2,304,000 after purchasing an additional 55 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of ASML by 29.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of ASML in a report on Wednesday, October 15th. DZ Bank reissued a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Arete Research raised ASML to a “strong-buy” rating in a research note on Friday, September 12th. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,051.60.

ASML Trading Down 0.3%

Shares of NASDAQ ASML opened at $1,033.10 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $892.92 and a two-hundred day simple moving average of $789.40. The firm has a market cap of $406.30 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,059.00.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share 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 revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $5.28 EPS. Analysts expect 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. Stockholders of record on Wednesday, October 29th will be given a $1.857 dividend. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is presently 25.56%.

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.