International Assets Investment Management LLC lowered its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 99.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 921 shares of the semiconductor company's stock after selling 490,697 shares during the quarter. International Assets Investment Management LLC's holdings in ASML were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of ASML. Fairway Wealth LLC acquired a new position in shares of ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the second quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML during the third quarter worth about $28,000. Fortitude Family Office LLC boosted its stake 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 worth $39,000 after buying an additional 15 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of ASML during the third quarter worth about $43,000. Hedge funds and other institutional investors own 26.07% of the company's stock.
ASML Price Performance
NASDAQ ASML traded down $4.97 during mid-day trading on Friday, hitting $739.01. The stock had a trading volume of 1,514,249 shares, compared to its average volume of 1,521,827. The company has a 50 day simple moving average of $699.90 and a 200 day simple moving average of $807.46. The company has a market cap of $290.74 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.07 and a beta of 1.47. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.
ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts' consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion during the quarter, compared to analysts' expectations of $7.66 billion. Equities analysts forecast that ASML Holding will post 20.68 EPS for the current fiscal year.
ASML Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.76%. ASML's dividend payout ratio is presently 29.21%.
Analyst Ratings Changes
A number of analysts have weighed in on ASML shares. Sanford C. Bernstein decreased their price objective on 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 objective on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating on the stock in a research note on Thursday, October 17th. Morgan Stanley downgraded shares of ASML from an "overweight" rating to an "equal weight" rating in a research report on Friday, September 20th. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $943.83.
View Our Latest Report on ASML
ASML Company Profile
(
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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