Martin Capital Partners LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 21.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,180 shares of the semiconductor company’s stock after selling 1,373 shares during the period. ASML makes up about 3.8% of Martin Capital Partners LLC’s holdings, making the stock its 4th biggest holding. Martin Capital Partners LLC’s holdings in ASML were worth $10,305,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC acquired a new stake in ASML during the 4th quarter valued at approximately $26,000. Binnacle Investments Inc boosted its stake in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML during the fourth quarter worth approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on ASML shares. Sanford C. Bernstein increased their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Wells Fargo & Company increased their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a report on Tuesday, July 7th. Finally, DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.
ASML Price Performance
Shares of NASDAQ:ASML opened at $1,711.89 on Wednesday. ASML Holding N.V. has a 12 month low of $684.24 and a 12 month high of $1,999.96. The stock has a market cap of $673.25 billion, a price-to-earnings ratio of 53.26, a PEG ratio of 0.82 and a beta of 1.79. The stock’s 50 day moving average price is $1,763.99 and its 200 day moving average price is $1,545.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.64 billion during the quarter. Equities research analysts anticipate that ASML Holding N.V. will post 44.68 earnings per share for the current fiscal year.
ASML Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th will be issued a $2.1507 dividend. The ex-dividend date is Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio is 22.62%.
ASML Profile
ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.
ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.
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