FRG Family Wealth Advisors LLC Sells 530 Shares of ASML Holding (NASDAQ:ASML)

FRG Family Wealth Advisors LLC lessened its position in shares of ASML Holding (NASDAQ:ASML) by 51.7% in the fourth quarter, Holdings Channel reports. The fund owned 496 shares of the semiconductor company’s stock after selling 530 shares during the quarter. FRG Family Wealth Advisors LLC’s holdings in ASML were worth $344,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in ASML. Edgewood Management LLC increased its holdings in ASML by 43.1% during the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock worth $2,208,615,000 after purchasing an additional 959,696 shares during the period. Van ECK Associates Corp boosted its holdings in shares of ASML by 1.8% during the 4th quarter. Van ECK Associates Corp now owns 1,788,280 shares of the semiconductor company’s stock worth $1,239,421,000 after purchasing an additional 31,231 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in ASML by 2.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company’s stock valued at $868,324,000 after acquiring an additional 33,603 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in ASML by 1.4% during the fourth quarter. Neuberger Berman Group LLC now owns 962,578 shares of the semiconductor company’s stock worth $667,155,000 after purchasing an additional 13,115 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of ASML by 53.4% during the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company’s stock worth $559,494,000 after acquiring an additional 281,156 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ASML. Wells Fargo & Company increased their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective 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. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Stock Performance

NASDAQ:ASML opened at $653.70 on Thursday. The business has a 50 day moving average price of $709.10 and a 200-day moving average price of $721.15. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The firm has a market cap of $257.18 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 1.62 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

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%. Equities research analysts predict that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be paid a $1.5855 dividend. The ex-dividend date is Monday, April 28th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is 31.35%.

About ASML

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.