CloudAlpha Capital Management Limited Hong Kong Reduces Stake in ASML Holding (NASDAQ:ASML)

CloudAlpha Capital Management Limited Hong Kong lowered its position in ASML Holding (NASDAQ:ASML) by 79.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 600 shares of the semiconductor company’s stock after selling 2,280 shares during the period. CloudAlpha Capital Management Limited Hong Kong’s holdings in ASML were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP lifted its position in shares of ASML by 18.2% during the 1st quarter. Quantbot Technologies LP now owns 468 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 72 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of ASML by 70.2% in the 1st quarter. Russell Investments Group Ltd. now owns 29,021 shares of the semiconductor company’s stock worth $28,164,000 after acquiring an additional 11,974 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of ASML by 2.3% during the 1st quarter. William Blair Investment Management LLC now owns 7,886 shares of the semiconductor company’s stock worth $7,653,000 after purchasing an additional 176 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of ASML by 350.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 20,270 shares of the semiconductor company’s stock worth $19,671,000 after purchasing an additional 15,770 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of ASML by 0.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,840 shares of the semiconductor company’s stock worth $6,638,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML opened at $673.41 on Thursday. The stock has a 50-day simple moving average of $760.64 and a 200-day simple moving average of $884.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market capitalization of $264.93 billion, a PE ratio of 35.26, a PEG ratio of 1.93 and a beta of 1.51. ASML Holding has a 1 year low of $654.77 and a 1 year high of $1,110.09.

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, beating 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 business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. On average, analysts predict that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company lowered their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein lowered their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.