TrinityPoint Wealth LLC Has $518,000 Stake in ASML Holding (NASDAQ:ASML)

TrinityPoint Wealth LLC lowered its holdings in shares of ASML Holding (NASDAQ:ASML) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622 shares of the semiconductor company’s stock after selling 37 shares during the period. TrinityPoint Wealth LLC’s holdings in ASML were worth $518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hilltop National Bank lifted its position in shares of ASML by 1.0% during the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after buying an additional 10 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of ASML by 1.1% during the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after acquiring an additional 12 shares during the period. Pure Financial Advisors LLC boosted its stake in shares of ASML by 2.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 12 shares in the last quarter. First Pacific Financial grew its holdings in shares of ASML by 1.1% in the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after purchasing an additional 12 shares during the last quarter. Finally, RMR Wealth Builders increased its position in shares of ASML by 0.6% during the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock worth $2,162,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ASML shares. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Wells Fargo & Company decreased their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut their price objective on 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. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $665.23 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 1-year low of $648.00 and a 1-year high of $1,110.09. The stock has a market capitalization of $261.71 billion, a P/E ratio of 34.83, a P/E/G ratio of 1.90 and a beta of 1.51. The business has a 50-day moving average price of $755.01 and a two-hundred day moving average price of $880.41.

ASML (NASDAQ:ASML) last posted 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. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Equities analysts predict that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders 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 dividend yield of 0.85%. ASML’s dividend payout ratio is currently 29.21%.

ASML Company 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.