ASML Holding (NASDAQ:ASML) Shares Sold by MAI Capital Management

MAI Capital Management lessened its holdings in shares of ASML Holding (NASDAQ:ASML) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,236 shares of the semiconductor company’s stock after selling 164 shares during the period. MAI Capital Management’s holdings in ASML were worth $4,363,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Fairway Wealth LLC purchased a new position in shares of ASML during the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML during the third quarter worth $28,000. Triad Wealth Partners LLC purchased a new stake in ASML in the second quarter valued at approximately $31,000. Finally, First Community Trust NA acquired a new stake in shares of ASML during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Susquehanna reduced their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Sanford C. Bernstein dropped their target price 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. Wells Fargo & Company dropped their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

NASDAQ:ASML opened at $662.16 on Wednesday. The company’s 50-day moving average price is $753.23 and its two-hundred day moving average price is $878.72. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The firm has a market cap of $260.51 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. ASML Holding has a 12 month low of $648.00 and a 12 month 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 analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, equities analysts anticipate that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The company 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 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

ASML Company 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.