ASML Holding (NASDAQ:ASML) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 31,711 shares of the semiconductor company’s stock after selling 439 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ASML were worth $26,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASML. Van ECK Associates Corp raised its position 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 valued at $1,464,061,000 after purchasing an additional 474,653 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of ASML by 18.9% in the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after buying an additional 194,357 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake 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 worth $910,102,000 after buying an additional 870,010 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 worth $836,300,000 after buying an additional 2,085 shares during the last quarter. Finally, Lone Pine Capital LLC increased its position in ASML by 19.0% in the 2nd quarter. Lone Pine Capital LLC now owns 587,891 shares of the semiconductor company’s stock valued at $601,254,000 after acquiring an additional 93,851 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna lowered 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. Wells Fargo & Company cut their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

ASML opened at $670.02 on Friday. The company has a 50 day moving average of $747.79 and a two-hundred day moving average of $875.74. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a market cap of $263.60 billion, a P/E ratio of 35.08, a P/E/G ratio of 1.92 and a beta of 1.51.

ASML (NASDAQ:ASML) last announced its quarterly 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. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, analysts expect that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid 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 yield of 0.84%. ASML’s dividend payout ratio (DPR) is presently 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.