West Oak Capital LLC trimmed its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 69.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 756 shares of the semiconductor company's stock after selling 1,727 shares during the quarter. West Oak Capital LLC's holdings in ASML were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new stake in ASML in the third quarter valued at $25,000. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the 2nd quarter worth about $26,000. Milestone Investment Advisors LLC bought a new stake in ASML in the 3rd quarter valued at about $28,000. Fortitude Family Office LLC boosted its stake in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group bought a new position in ASML in the 3rd quarter worth about $43,000. Institutional investors own 26.07% of the company's stock.
ASML Stock Down 0.7 %
NASDAQ:ASML traded down $4.97 during trading hours on Friday, hitting $739.01. 1,514,249 shares of the stock traded hands, compared to its average volume of 1,521,827. The firm has a market cap of $290.74 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.07 and a beta of 1.47. The firm has a 50 day moving average price of $698.61 and a 200 day moving average price of $810.78. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09.
ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Equities research analysts anticipate that ASML Holding will post 20.68 earnings per share for the current year.
ASML Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML's dividend payout ratio (DPR) is presently 29.21%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Sanford C. Bernstein lowered their price target on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a report on Friday, November 29th. Berenberg Bank raised shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. BNP Paribas started coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price objective on the stock. Morgan Stanley lowered ASML from an "overweight" rating to an "equal weight" rating in a report on Friday, September 20th. Finally, Wells Fargo & Company cut their target price on shares of ASML from $1,000.00 to $790.00 and set an "overweight" rating for the company in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $943.83.
Read Our Latest Analysis on ASML
About ASML
(
Free Report)
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.
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