Advisors Asset Management Inc. Cuts Stake in ASML Holding (NASDAQ:ASML)

Advisors Asset Management Inc. cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 9.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,054 shares of the semiconductor company’s stock after selling 305 shares during the quarter. Advisors Asset Management Inc.’s holdings in ASML were worth $2,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter worth $26,000. Triad Wealth Partners LLC bought a new stake in shares of ASML in the 2nd quarter valued at about $31,000. Fairway Wealth LLC purchased a new stake in ASML during the 3rd quarter valued at about $25,000. First Community Trust NA bought a new position in ASML during the 2nd quarter worth approximately $34,000. Finally, Milestone Investment Advisors LLC purchased a new position in ASML in the 3rd quarter worth approximately $28,000. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

ASML opened at $672.88 on Friday. 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 market cap of $264.73 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The stock has a fifty day simple moving average of $744.92 and a two-hundred day simple moving average of $873.81. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company 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%. Research analysts predict that ASML Holding will post 20.68 earnings per share for the current fiscal 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 paid 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 payout ratio is currently 29.21%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Susquehanna cut 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 report on Friday, October 11th. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three research 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

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.