Raab & Moskowitz Asset Management LLC Sells 29 Shares of ASML Holding (NASDAQ:ASML)

Raab & Moskowitz Asset Management LLC trimmed its stake in shares of ASML Holding (NASDAQ:ASML) by 4.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 681 shares of the semiconductor company’s stock after selling 29 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in ASML were worth $515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Townsquare Capital LLC grew its position in ASML by 11.5% during the 3rd quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock worth $5,013,000 after acquiring an additional 881 shares during the last quarter. Savoie Capital LLC bought a new position in ASML during the 3rd quarter worth approximately $14,658,000. International Assets Investment Management LLC grew its position in ASML by 48,040.7% during the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after acquiring an additional 245,488 shares during the last quarter. CenterBook Partners LP grew its position in ASML by 69.2% during the 3rd quarter. CenterBook Partners LP now owns 11,529 shares of the semiconductor company’s stock worth $6,787,000 after acquiring an additional 4,716 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its position in ASML by 219.0% during the 4th quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock worth $2,195,000 after acquiring an additional 2,168 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ASML shares. Sanford C. Bernstein reduced their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Kepler Capital Markets upgraded ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Evercore ISI began coverage on ASML in a report on Tuesday, April 16th. They issued an “outperform” rating for the company. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Finally, HSBC began coverage on ASML in a report on Thursday, February 22nd. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Stock Up 2.0 %

Shares of ASML traded up $18.32 on Friday, reaching $918.97. The stock had a trading volume of 865,078 shares, compared to its average volume of 1,204,430. The firm has a market capitalization of $362.62 billion, a price-to-earnings ratio of 46.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The company has a 50-day simple moving average of $955.61 and a 200-day simple moving average of $804.52. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,056.34.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. Sell-side analysts predict that ASML Holding will post 20.04 EPS for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be paid a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 26th. ASML’s payout ratio is 27.02%.

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.