Elite Wealth Management Inc. Sells 106 Shares of ASML Holding (NASDAQ:ASML)

Elite Wealth Management Inc. cut its position in ASML Holding (NASDAQ:ASML) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,865 shares of the semiconductor company’s stock after selling 106 shares during the period. ASML makes up about 0.6% of Elite Wealth Management Inc.’s holdings, making the stock its 17th largest holding. Elite Wealth Management Inc.’s holdings in ASML were worth $4,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of ASML by 1.0% in the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after purchasing an additional 31,879 shares during the period. Edgewood Management LLC lifted its holdings in ASML by 3.3% during the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after purchasing an additional 70,776 shares in the last quarter. Van ECK Associates Corp boosted its stake in ASML by 37.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after purchasing an additional 474,653 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of ASML by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock valued at $836,300,000 after buying an additional 2,085 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML opened at $670.48 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The stock’s 50 day simple moving average is $737.53 and its 200 day simple moving average is $868.72. The firm has a market cap of $263.78 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. As a group, analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. ASML’s dividend payout ratio is presently 29.21%.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of analyst reports. Sanford C. Bernstein decreased their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company decreased their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut 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 note on Thursday, October 17th. 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’s stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average 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.