Great Valley Advisor Group Inc. Sells 67 Shares of ASML Holding (NASDAQ:ASML)

Great Valley Advisor Group Inc. trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 573 shares of the semiconductor company’s stock after selling 67 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in ASML were worth $477,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of ASML in the third quarter valued at approximately $25,000. Resources Management Corp CT ADV bought a new stake in shares of ASML during the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML during the 3rd quarter worth $28,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the second quarter worth $31,000. Finally, First Community Trust NA acquired a new position in ASML in the second quarter valued at about $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna reduced their price objective on shares of 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. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company cut their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Sanford C. Bernstein decreased their price target 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, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

NASDAQ:ASML opened at $671.97 on Wednesday. The stock’s 50-day moving average is $739.87 and its 200-day moving average is $870.11. 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 stock has a market cap of $264.37 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last released 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. The firm had revenue of $8.21 billion for 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%. Equities research analysts anticipate 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. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.21%.

About ASML

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.