Azimuth Capital Investment Management LLC Trims Holdings in ASML Holding (NASDAQ:ASML)

Azimuth Capital Investment Management LLC reduced its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,224 shares of the semiconductor company's stock after selling 1,836 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in ASML were worth $8,472,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. boosted its position in shares of ASML by 4.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company's stock valued at $211,000 after purchasing an additional 14 shares during the period. Cyndeo Wealth Partners LLC lifted its stake in ASML by 0.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company's stock valued at $2,223,000 after buying an additional 14 shares during the last quarter. Trust Point Inc. grew its position in shares of ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock worth $420,000 after acquiring an additional 14 shares during the last quarter. Sunpointe LLC increased its holdings in shares of ASML by 1.3% in the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock valued at $772,000 after acquiring an additional 14 shares during the period. Finally, Wealth Quarterback LLC raised its position in ASML by 1.1% in the 4th quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock valued at $923,000 after purchasing an additional 15 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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ASML Price Performance

Shares of ASML traded up $19.26 on Friday, reaching $668.81. The stock had a trading volume of 2,162,582 shares, compared to its average volume of 1,626,300. The firm has a 50-day moving average of $706.22 and a 200 day moving average of $718.04. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $263.12 billion, a PE ratio of 32.15, a PEG ratio of 1.62 and a beta of 1.67. ASML Holding has a twelve month low of $578.51 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 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%. Sell-side analysts expect that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Investors 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 currently 31.35%.

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. 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. Wells Fargo & Company increased their price objective on ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, DZ Bank raised ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and a consensus price target of $937.00.

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.