Guardian Capital LP Cuts Stock Position in ASML Holding (NASDAQ:ASML)

Guardian Capital LP cut its holdings in shares of ASML Holding (NASDAQ:ASMLGet Rating) by 25.4% during the first quarter, Holdings Channel reports. The firm owned 3,019 shares of the semiconductor company’s stock after selling 1,026 shares during the quarter. Guardian Capital LP’s holdings in ASML were worth $2,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Harvest Volatility Management LLC grew its position in shares of ASML by 2.6% during the first quarter. Harvest Volatility Management LLC now owns 5,063 shares of the semiconductor company’s stock worth $3,382,000 after buying an additional 130 shares in the last quarter. Cable Hill Partners LLC grew its position in shares of ASML by 18.4% during the first quarter. Cable Hill Partners LLC now owns 758 shares of the semiconductor company’s stock worth $506,000 after buying an additional 118 shares in the last quarter. Captrust Financial Advisors grew its position in shares of ASML by 5.8% during the first quarter. Captrust Financial Advisors now owns 5,829 shares of the semiconductor company’s stock worth $3,893,000 after buying an additional 320 shares in the last quarter. Hillman Capital Management Inc. acquired a new position in shares of ASML during the first quarter worth about $9,745,000. Finally, Wetherby Asset Management Inc. grew its position in shares of ASML by 0.4% during the first quarter. Wetherby Asset Management Inc. now owns 7,680 shares of the semiconductor company’s stock worth $5,129,000 after buying an additional 34 shares in the last quarter. 19.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on ASML from $925.00 to $794.00 in a research report on Thursday, July 21st. Argus initiated coverage on ASML in a research report on Wednesday, June 29th. They set a “buy” rating and a $590.00 price objective for the company. Wells Fargo & Company lowered their price target on ASML from $750.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Piper Sandler lowered their price target on ASML from €767.00 ($782.65) to €630.00 ($642.86) in a report on Thursday, May 26th. Finally, UBS Group raised ASML from a “neutral” rating to a “buy” rating in a report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $747.91.

ASML Price Performance

ASML stock opened at $504.93 on Tuesday. The company has a market capitalization of $206.91 billion, a P/E ratio of 29.04, a PEG ratio of 1.64 and a beta of 1.34. ASML Holding has a twelve month low of $412.67 and a twelve month high of $895.93. The business has a 50 day simple moving average of $514.64 and a 200-day simple moving average of $558.83. The company has a current ratio of 1.36, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

ASML Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were issued a $1.3991 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Thursday, August 4th. ASML’s payout ratio is currently 13.63%.

ASML Company Profile

(Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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.

See Also

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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