ASML Holding N.V. $ASML Shares Sold by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC reduced its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 28.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,270 shares of the semiconductor company’s stock after selling 884 shares during the period. Canvas Wealth Advisors LLC’s holdings in ASML were worth $2,343,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Manning & Napier Advisors LLC purchased a new stake in ASML in the 3rd quarter valued at $25,000. Princeton Global Asset Management LLC boosted its position in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the last quarter. City Holding Co. purchased a new stake in shares of ASML in the third quarter valued at about $26,000. Binnacle Investments Inc increased its position in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in ASML during the second quarter worth about $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Trading Up 4.7%

ASML opened at $1,413.01 on Friday. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,493.47. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $1,214.91 and a 200-day simple moving average of $1,007.69. The firm has a market cap of $555.71 billion, a P/E ratio of 54.73, a P/E/G ratio of 1.63 and a beta of 1.89.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be given a $3.1771 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 annualized dividend and a yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio is presently 24.55%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of ASML from $1,550.00 to $1,625.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. HSBC reiterated a “buy” rating on shares of ASML in a report on Friday, October 17th. TD Cowen reissued a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, January 23rd. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,475.00.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.