Cumberland Partners Ltd Decreases Stake in ASML Holding (NASDAQ:ASML)

Cumberland Partners Ltd cut its holdings in ASML Holding (NASDAQ:ASML - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,250 shares of the semiconductor company's stock after selling 4,282 shares during the period. Cumberland Partners Ltd's holdings in ASML were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fairway Wealth LLC bought a new position in shares of ASML during the 3rd quarter worth about $25,000. Kennebec Savings Bank boosted its holdings in ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 25 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in ASML in the third quarter valued at approximately $28,000. Fortitude Family Office LLC increased its holdings in shares of ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 15 shares in the last quarter. Finally, Albion Financial Group UT raised its position in shares of ASML by 133.3% during the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 32 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML stock traded down $6.08 during trading on Friday, hitting $737.01. The company's stock had a trading volume of 1,471,505 shares, compared to its average volume of 1,797,356. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a market cap of $289.96 billion, a PE ratio of 35.43, a P/E/G ratio of 1.64 and a beta of 1.47. The business has a fifty day moving average of $732.25 and a 200-day moving average of $759.97. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results 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 net margin of 26.78% and a return on equity of 47.73%. As a group, research analysts anticipate that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th were paid a $1.5855 dividend. This is a boost from ASML's previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML's payout ratio is presently 31.35%.

Analysts Set New Price Targets

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

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.