Sanctuary Advisors LLC Has $12.79 Million Stock Position in ASML Holding (NASDAQ:ASML)

Sanctuary Advisors LLC cut its stake in shares of ASML Holding (NASDAQ:ASML) by 4.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,348 shares of the semiconductor company’s stock after selling 699 shares during the quarter. Sanctuary Advisors LLC’s holdings in ASML were worth $12,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Taurus Asset Management LLC acquired a new stake in ASML during the 3rd quarter worth approximately $16,994,000. Stockman Wealth Management Inc. lifted its holdings in shares of ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares in the last quarter. US Bancorp DE boosted its position in shares of ASML by 7.5% in the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after acquiring an additional 3,321 shares during the period. Principal Financial Group Inc. grew its stake in shares of ASML by 104.4% in the third quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock valued at $5,840,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Vantage Investment Partners LLC increased its position in ASML by 8.5% during the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after acquiring an additional 2,736 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.8 %

Shares of ASML opened at $718.58 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. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The firm has a market cap of $282.71 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.07 and a beta of 1.49. The business’s fifty day moving average is $709.10 and its 200-day moving average is $850.44.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Equities analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal 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 dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Sanford C. Bernstein dropped their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas initiated coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average price target of $943.83.

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.