Alkeon Capital Management LLC Cuts Stake in ASML Holding (NASDAQ:ASML)

Alkeon Capital Management LLC reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 556,147 shares of the semiconductor company’s stock after selling 377 shares during the period. ASML accounts for about 0.8% of Alkeon Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Alkeon Capital Management LLC’s holdings in ASML were worth $463,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of ASML during the 3rd quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in ASML during the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC acquired a new stake in ASML during the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new stake in ASML during the 2nd quarter worth approximately $31,000. Finally, First Community Trust NA acquired a new stake in ASML during the 2nd quarter worth approximately $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of ASML opened at $670.48 on Friday. The business’s fifty day moving average price is $734.37 and its 200 day moving average price is $867.34. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The stock has a market capitalization of $263.78 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Equities research analysts forecast that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ASML shares. Susquehanna dropped 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. Sanford C. Bernstein lowered their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price target 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. Finally, Wells Fargo & Company decreased their price target 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. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average target price of $970.60.

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.