ASML Holding (NASDAQ:ASML) Position Trimmed by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its holdings in ASML Holding (NASDAQ:ASML) by 7.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,906 shares of the semiconductor company’s stock after selling 558 shares during the quarter. Logan Capital Management Inc.’s holdings in ASML were worth $5,754,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ASML. Mercer Global Advisors Inc. ADV grew its holdings in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after purchasing an additional 870,010 shares during the last quarter. International Assets Investment Management LLC grew its stake in ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after buying an additional 491,096 shares during the last quarter. Van ECK Associates Corp increased its position in ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after buying an additional 474,653 shares during the period. Tairen Capital Ltd lifted its stake in ASML by 321.2% in the second quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company’s stock valued at $207,559,000 after buying an additional 154,760 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of ASML during the third quarter worth about $125,952,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

NASDAQ:ASML traded up $11.70 during mid-day trading on Friday, reaching $724.80. 247,078 shares of the stock were exchanged, compared to its average volume of 1,445,647. ASML Holding has a 1-year low of $645.45 and a 1-year 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 capitalization of $285.15 billion, a PE ratio of 37.34, a PEG ratio of 2.07 and a beta of 1.49. The business has a fifty day moving average price of $711.39 and a 200 day moving average price of $852.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.66 billion. Research analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.78%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ASML shares. Susquehanna reduced their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein decreased their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Finally, BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $943.83.

ASML 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.