ASML Holding (NASDAQ:ASML) Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the semiconductor company’s stock after selling 10,000 shares during the period. Telemark Asset Management LLC’s holdings in ASML were worth $8,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV lifted its position in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the last quarter. International Assets Investment Management LLC boosted its stake in ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after purchasing an additional 491,096 shares during the period. Van ECK Associates Corp increased its stake in shares of ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares during the period. Captrust Financial Advisors raised its holdings in shares of ASML by 213.5% during the first quarter. Captrust Financial Advisors now owns 289,944 shares of the semiconductor company’s stock valued at $281,382,000 after buying an additional 197,453 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in ASML by 18.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after acquiring an additional 194,357 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ASML. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna lowered 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 note on Friday, October 11th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Trading Up 1.8 %

ASML stock opened at $670.02 on Friday. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The firm’s 50 day moving average price is $747.79 and its two-hundred day moving average price is $875.74. The firm has a market cap of $263.60 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51. 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 (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during 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%. On average, research analysts predict that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors 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 of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is 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.