Penserra Capital Management LLC reduced its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 32.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,911 shares of the semiconductor company's stock after selling 1,918 shares during the period. Penserra Capital Management LLC's holdings in ASML were worth $3,258,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. Family Capital Management Inc. raised its stake in shares of ASML by 1.7% during the third quarter. Family Capital Management Inc. now owns 909 shares of the semiconductor company's stock worth $757,000 after acquiring an additional 15 shares in the last quarter. Canopy Partners LLC grew its holdings in shares of ASML by 4.5% during the 3rd quarter. Canopy Partners LLC now owns 580 shares of the semiconductor company's stock valued at $483,000 after purchasing an additional 25 shares during the last quarter. Kingsview Wealth Management LLC raised its position in ASML by 29.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,859 shares of the semiconductor company's stock worth $1,549,000 after purchasing an additional 423 shares during the period. Cerity Partners LLC lifted its stake in ASML by 22.6% in the third quarter. Cerity Partners LLC now owns 40,195 shares of the semiconductor company's stock worth $33,492,000 after purchasing an additional 7,405 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in shares of ASML by 25.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 999 shares of the semiconductor company's stock valued at $832,000 after acquiring an additional 203 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
ASML Price Performance
ASML stock traded down $12.50 during trading on Tuesday, hitting $671.97. 1,420,623 shares of the company's stock traded hands, compared to its average volume of 1,449,270. The business has a fifty day simple moving average of $742.55 and a 200 day simple moving average of $871.93. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market capitalization of $264.37 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 1.95 and a beta of 1.51.
ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, research analysts expect that ASML Holding will post 20.68 EPS for the current fiscal year.
ASML Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders 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 dividend yield of 0.84%. ASML's dividend payout ratio (DPR) is presently 29.21%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on ASML shares. Morgan Stanley cut shares of ASML from an "overweight" rating to an "equal weight" rating in a research report on Friday, September 20th. Susquehanna reduced their target price on shares of ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a research report on Friday, October 11th. Barclays upgraded ASML from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 30th. 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 note on Monday, October 21st. Finally, Wells Fargo & Company dropped their price target on ASML from $1,000.00 to $790.00 and set an "overweight" rating on the stock in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $970.60.
Check Out Our Latest Stock Report on ASML
ASML 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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