Jennison Associates LLC Has $1.22 Billion Stock Holdings in ASML Holding (NASDAQ:ASML)

Jennison Associates LLC trimmed its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,464,584 shares of the semiconductor company's stock after selling 209,538 shares during the quarter. Jennison Associates LLC owned approximately 0.37% of ASML worth $1,220,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Commerce Bank increased its stake in shares of ASML by 6.6% in the 3rd quarter. Commerce Bank now owns 3,589 shares of the semiconductor company's stock worth $2,991,000 after purchasing an additional 222 shares in the last quarter. Prospera Private Wealth LLC raised its stake in ASML by 542.2% during the third quarter. Prospera Private Wealth LLC now owns 1,766 shares of the semiconductor company's stock valued at $1,472,000 after purchasing an additional 1,491 shares in the last quarter. West Family Investments Inc. increased its stake in ASML by 16.0% during the third quarter. West Family Investments Inc. now owns 1,305 shares of the semiconductor company's stock worth $1,087,000 after acquiring an additional 180 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of ASML by 4.7% during the 3rd quarter. Pathstone Holdings LLC now owns 28,785 shares of the semiconductor company's stock valued at $23,985,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its stake in ASML by 7.8% during the third quarter. Baron Wealth Management LLC now owns 275 shares of the semiconductor company's stock worth $229,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ASML shares. Sanford C. Bernstein decreased their price target on ASML from $1,052.00 to $815.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. JPMorgan Chase & Co. dropped their target price on ASML from $1,207.00 to $1,148.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company cut their price objective on ASML from $1,000.00 to $790.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Finally, Barclays upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $970.60.

ASML Stock Performance

Shares of ASML stock traded down $11.62 during trading on Wednesday, reaching $650.54. The company's stock had a trading volume of 1,177,608 shares, compared to its average volume of 1,442,710. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. 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 firm has a market cap of $255.94 billion, a PE ratio of 34.19, a P/E/G ratio of 1.90 and a beta of 1.51. The company has a 50-day moving average price of $753.23 and a two-hundred day moving average price of $878.72.

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 the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts' expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, analysts forecast that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.87%. ASML's dividend payout ratio is currently 29.21%.

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.