SouthState Corp Sells 234 Shares of ASML Holding N.V. $ASML

SouthState Corp lessened its stake in ASML Holding N.V. (NASDAQ:ASML) by 78.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66 shares of the semiconductor company’s stock after selling 234 shares during the period. SouthState Corp’s holdings in ASML were worth $53,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ASML. Goldman Sachs Group Inc. lifted its stake in shares of ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after acquiring an additional 199,740 shares during the period. Dimensional Fund Advisors LP raised its holdings in ASML by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock worth $600,175,000 after purchasing an additional 7,164 shares during the last quarter. Invesco Ltd. lifted its position in ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after purchasing an additional 367,505 shares during the period. Fayez Sarofim & Co lifted its position in ASML by 2.7% during the 1st quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock valued at $470,910,000 after purchasing an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. boosted its stake in shares of ASML by 61.0% in the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after purchasing an additional 268,172 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $1,016.96 on Friday. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,086.11. 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 market capitalization of $399.95 billion, a PE ratio of 41.39, a PEG ratio of 1.76 and a beta of 1.88. The stock’s fifty day simple moving average is $952.53 and its 200 day simple moving average is $817.13.

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

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were paid a $1.857 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. 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 yield of 0.7%. ASML’s payout ratio is presently 25.76%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASML. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research note on Friday, October 10th. Sanford C. Bernstein reissued a “market perform” rating on shares of ASML in a research note on Wednesday, October 29th. Morgan Stanley raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. UBS Group reiterated a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Finally, Evercore ISI reissued an “outperform” rating on shares of ASML in a research note on Thursday, October 16th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,076.33.

About ASML

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.