Titleist Asset Management LLC Sells 1,409 Shares of ASML Holding (NASDAQ:ASML)

Titleist Asset Management LLC cut its stake in ASML Holding (NASDAQ:ASML) by 33.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,864 shares of the semiconductor company’s stock after selling 1,409 shares during the period. Titleist Asset Management LLC’s holdings in ASML were worth $1,985,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Carnegie Investment Counsel grew its stake in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 868 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of ASML during the fourth quarter valued at $1,174,000. State Street Corp raised its position in shares of ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in ASML by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company’s stock worth $18,243,000 after purchasing an additional 7,073 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in ASML by 12.2% during the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company’s stock valued at $6,764,000 after purchasing an additional 1,062 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Stock Performance

Shares of ASML opened at $605.55 on Friday. The firm has a market capitalization of $238.24 billion, a P/E ratio of 29.11, a PEG ratio of 1.62 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. ASML Holding has a one year low of $597.69 and a one year high of $1,110.09. The business has a fifty day moving average of $716.73 and a 200 day moving average of $726.43.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, sell-side analysts anticipate that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be given a dividend of $1.5855 per share. This is an increase from ASML’s previous dividend of $1.08. The ex-dividend date is Monday, April 28th. ASML’s payout ratio is presently 31.35%.

ASML 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.