ING Groep NV Sells 7,873 Shares of ASML Holding (NASDAQ:ASML)

ING Groep NV cut its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 95.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 380 shares of the semiconductor company's stock after selling 7,873 shares during the period. ING Groep NV's holdings in ASML were worth $317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Curi RMB Capital LLC increased its holdings in shares of ASML by 6.9% in the third quarter. Curi RMB Capital LLC now owns 326 shares of the semiconductor company's stock worth $272,000 after purchasing an additional 21 shares during the last quarter. Zions Bancorporation N.A. grew its position in ASML by 30.0% in the third quarter. Zions Bancorporation N.A. now owns 6,690 shares of the semiconductor company's stock worth $5,574,000 after acquiring an additional 1,543 shares in the last quarter. Huntington National Bank grew its position in ASML by 17.4% in the third quarter. Huntington National Bank now owns 1,187 shares of the semiconductor company's stock worth $989,000 after acquiring an additional 176 shares in the last quarter. Cable Hill Partners LLC boosted its position in shares of ASML by 3.7% during the third quarter. Cable Hill Partners LLC now owns 1,015 shares of the semiconductor company's stock valued at $846,000 after buying an additional 36 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of ASML by 23.1% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 1,230 shares of the semiconductor company's stock valued at $1,025,000 after purchasing an additional 231 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ:ASML traded up $6.60 during mid-day trading on Monday, hitting $665.23. The stock had a trading volume of 1,738,921 shares, compared to its average volume of 1,441,923. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $756.70 and a 200-day simple moving average of $881.85. ASML Holding has a 52 week low of $648.00 and a 52 week high of $1,110.09. The stock has a market capitalization of $261.71 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 1.90 and a beta of 1.51.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, research analysts expect that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, October 29th. ASML's dividend payout ratio (DPR) is presently 29.21%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Sanford C. Bernstein cut their target price on ASML from $1,052.00 to $815.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. UBS Group cut shares of ASML from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 4th. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an "overweight" rating for the company in a research report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a research report on Thursday, October 17th. Finally, Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a "positive" rating for the company in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $970.60.

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.