Drive Wealth Management LLC Sells 29 Shares of ASML Holding (NASDAQ:ASML)

Drive Wealth Management LLC trimmed its stake in shares of ASML Holding (NASDAQ:ASML) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418 shares of the semiconductor company’s stock after selling 29 shares during the quarter. Drive Wealth Management LLC’s holdings in ASML were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in shares of ASML in the 3rd quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in ASML during the second quarter worth approximately $26,000. Milestone Investment Advisors LLC bought a new stake in ASML in the third quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new position in ASML in the second quarter valued at approximately $31,000. Finally, First Community Trust NA bought a new position in shares of ASML during the 2nd quarter worth approximately $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Up 1.0 %

ASML stock opened at $665.23 on Tuesday. The firm has a market capitalization of $261.71 billion, a PE ratio of 34.83, a P/E/G ratio of 1.90 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a twelve month low of $648.00 and a twelve month high of $1,110.09. The stock’s 50 day moving average is $755.01 and its 200-day moving average is $880.41.

ASML (NASDAQ:ASML) last issued 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. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Sell-side analysts expect that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Analyst Ratings Changes

A number of research firms recently issued reports on ASML. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target 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. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML 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.