GRIMES & Co WEALTH MANAGEMENT LLC Sells 1,705 Shares of ASML Holding N.V. $ASML

GRIMES & Co WEALTH MANAGEMENT LLC trimmed its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,471 shares of the semiconductor company’s stock after selling 1,705 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in ASML were worth $14,009,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. HBK Sorce Advisory LLC raised its stake in shares of ASML by 1.0% in the third quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock valued at $1,067,000 after purchasing an additional 10 shares in the last quarter. Albion Financial Group UT raised its stake in shares of ASML by 27.8% in the 3rd quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 10 shares in the last quarter. Western Pacific Wealth Management LP raised its stake in shares of ASML by 4.9% in the 3rd quarter. Western Pacific Wealth Management LP now owns 235 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 11 shares in the last quarter. Wealth Quarterback LLC lifted its holdings in shares of ASML by 0.8% during the 3rd quarter. Wealth Quarterback LLC now owns 1,527 shares of the semiconductor company’s stock worth $1,478,000 after acquiring an additional 12 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of ASML by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company’s stock valued at $254,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.6%

Shares of ASML opened at $1,281.23 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The company has a market cap of $503.88 billion, a price-to-earnings ratio of 52.15, a PEG ratio of 1.89 and a beta of 1.86. The stock has a fifty day moving average price of $1,079.37 and a two-hundred day moving average price of $929.48. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,283.56.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping the consensus estimate 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 $8.80 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the business earned $5.28 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a $1.857 dividend. This represents a $7.43 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, October 29th. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is 25.80%.

Wall Street Analyst Weigh In

ASML has been the subject of several recent research reports. New Street Research reissued a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Sanford C. Bernstein raised ASML from a “hold” rating to a “buy” rating in a report on Monday, January 5th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Bank Degroof cut ASML to a “hold” rating in a research report on Friday, October 10th. Finally, Wells Fargo & Company lifted their price objective on ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,270.67.

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.