Sigma Planning Corp Trims Stock Position in ASML Holding (NASDAQ:ASML)

Sigma Planning Corp trimmed its holdings in ASML Holding (NASDAQ:ASML) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 544 shares of the semiconductor company’s stock after selling 47 shares during the quarter. Sigma Planning Corp’s holdings in ASML were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. Ted Buchan & Co grew its stake in shares of ASML by 3.7% during the 3rd quarter. Ted Buchan & Co now owns 3,397 shares of the semiconductor company’s stock worth $2,831,000 after purchasing an additional 122 shares during the period. Mesirow Financial Investment Management Inc. grew its position in ASML by 14.8% during the third quarter. Mesirow Financial Investment Management Inc. now owns 543 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 70 shares during the period. Fairway Wealth LLC purchased a new position in ASML in the third quarter valued at $25,000. Wealth Quarterback LLC raised its position in shares of ASML by 67.2% in the third quarter. Wealth Quarterback LLC now owns 1,316 shares of the semiconductor company’s stock worth $1,097,000 after acquiring an additional 529 shares during the period. Finally, Thomas Story & Son LLC boosted its stake in shares of ASML by 30.9% during the 3rd quarter. Thomas Story & Son LLC now owns 4,395 shares of the semiconductor company’s stock worth $3,662,000 after acquiring an additional 1,037 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ASML shares. Wells Fargo & Company reduced their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. decreased their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Sanford C. Bernstein cut their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Trading Down 5.0 %

Shares of ASML stock opened at $658.63 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $758.59 and its 200-day simple moving average is $883.33. The stock has a market cap of $259.12 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.95 and a beta of 1.51. ASML Holding has a 1-year low of $654.77 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Analysts predict that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders 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 yield of 0.85%. ASML’s payout ratio is 29.21%.

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.