First Horizon Advisors Inc. Sells 356 Shares of ASML Holding (NASDAQ:ASML)

First Horizon Advisors Inc. trimmed its position in ASML Holding (NASDAQ:ASML) by 41.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 500 shares of the semiconductor company’s stock after selling 356 shares during the period. First Horizon Advisors Inc.’s holdings in ASML were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASML. Allspring Global Investments Holdings LLC raised its holdings in ASML by 34.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,823 shares of the semiconductor company’s stock worth $4,852,000 after purchasing an additional 1,503 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in shares of ASML by 48.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 1,713 shares of the semiconductor company’s stock worth $1,428,000 after buying an additional 557 shares during the period. Inscription Capital LLC raised its stake in shares of ASML by 11.1% during the third quarter. Inscription Capital LLC now owns 439 shares of the semiconductor company’s stock worth $366,000 after buying an additional 44 shares during the last quarter. Autumn Glory Partners LLC acquired a new position in ASML in the third quarter valued at approximately $339,000. Finally, Old Port Advisors boosted its stake in ASML by 5.4% in the third quarter. Old Port Advisors now owns 391 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 20 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

NASDAQ ASML opened at $730.19 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The stock has a market cap of $287.27 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.62 and a beta of 1.47. The business has a 50 day simple moving average of $732.79 and a 200 day simple moving average of $756.35. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Analysts anticipate that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were issued a $1.5855 dividend. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML’s payout ratio is 31.35%.

Analysts Set New Price Targets

Several analysts have commented on ASML shares. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Sanford C. Bernstein dropped their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. BNP Paribas began coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $937.00.

ASML Company Profile

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.