ASML Holding (NASDAQ:ASML) Position Reduced by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC decreased its position in shares of ASML Holding (NASDAQ:ASML) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,132 shares of the semiconductor company’s stock after selling 79 shares during the period. Angeles Investment Advisors LLC’s holdings in ASML were worth $944,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in ASML during the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter worth $26,000. Milestone Investment Advisors LLC bought a new stake in ASML in the third quarter worth $28,000. Triad Wealth Partners LLC bought a new stake in ASML in the second quarter worth $31,000. Finally, First Community Trust NA bought a new stake in ASML in the second quarter worth $34,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Wells Fargo & Company cut their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna cut 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 report on Friday, October 11th. Three research 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 company’s stock. According to MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Trading Down 0.9 %

ASML stock traded down $6.11 during midday trading on Wednesday, reaching $663.07. The company’s stock had a trading volume of 412,424 shares, compared to its average volume of 1,412,659. ASML Holding has a 52 week low of $654.77 and a 52 week high of $1,110.09. The stock has a market cap of $260.86 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. 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 business’s 50-day simple moving average is $763.40 and its 200-day simple moving average is $886.15.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations 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 20.77 EPS for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.85%. ASML’s dividend payout ratio is currently 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.