Banque Pictet & Cie SA Sells 823 Shares of ASML Holding N.V. $ASML

Banque Pictet & Cie SA lessened its holdings in ASML Holding N.V. (NASDAQ:ASML) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,012 shares of the semiconductor company’s stock after selling 823 shares during the quarter. Banque Pictet & Cie SA’s holdings in ASML were worth $4,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ASML. Legacy Capital Wealth Partners LLC raised its holdings in shares of ASML by 6.5% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 656 shares of the semiconductor company’s stock worth $702,000 after buying an additional 40 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in ASML by 5.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 890 shares of the semiconductor company’s stock valued at $952,000 after buying an additional 44 shares in the last quarter. Weatherly Asset Management L. P. boosted its stake in ASML by 0.7% in the fourth quarter. Weatherly Asset Management L. P. now owns 13,519 shares of the semiconductor company’s stock valued at $14,464,000 after buying an additional 92 shares in the last quarter. Triad Investment Management bought a new position in ASML in the fourth quarter valued at about $3,252,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in ASML by 22.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,273 shares of the semiconductor company’s stock worth $1,362,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Trading Down 3.1%

NASDAQ ASML opened at $1,317.23 on Friday. The firm has a market capitalization of $518.04 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.88. The business’s 50-day moving average price is $1,395.18 and its two-hundred day moving average price is $1,181.56. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,547.22.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be issued a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This is a boost from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a yield of 1.0%. ASML’s dividend payout ratio (DPR) is currently 25.10%.

Analyst Ratings Changes

A number of research firms have recently commented on ASML. TD Cowen reissued a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Wednesday, February 25th. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Berenberg Bank restated a “buy” rating on shares of ASML in a research report on Friday, January 23rd. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $1,482.50.

About ASML

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.