International Assets Investment Management LLC Sells 490,697 Shares of ASML Holding (NASDAQ:ASML)

International Assets Investment Management LLC decreased its holdings in shares of ASML Holding (NASDAQ:ASML) by 99.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 921 shares of the semiconductor company’s stock after selling 490,697 shares during the quarter. International Assets Investment Management LLC’s holdings in ASML were worth $645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its stake 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 worth $2,654,921,000 after acquiring an additional 31,879 shares during the last quarter. Edgewood Management LLC grew its position in ASML by 3.3% in 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 during the last quarter. Van ECK Associates Corp increased its holdings in shares of ASML by 37.0% during 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 raised its position 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 buying an additional 870,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of ASML by 0.3% in 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 and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ASML. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Susquehanna decreased 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 research report on Friday, October 11th. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Stock Performance

ASML opened at $739.01 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The business’s 50-day simple moving average is $699.90 and its 200 day simple moving average is $808.96. The firm has a market capitalization of $290.74 billion, a PE ratio of 38.69, a PEG ratio of 2.07 and a beta of 1.47. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09.

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

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio 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.