Independent Advisor Alliance Trims Position in ASML Holding (NASDAQ:ASML)

Independent Advisor Alliance trimmed its holdings in ASML Holding (NASDAQ:ASML) by 20.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,546 shares of the semiconductor company’s stock after selling 1,134 shares during the period. Independent Advisor Alliance’s holdings in ASML were worth $3,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ASML. Bayesian Capital Management LP purchased a new stake in shares of ASML in the first quarter valued at about $270,000. Tidal Investments LLC raised its holdings in shares of ASML by 1.4% in the first quarter. Tidal Investments LLC now owns 3,368 shares of the semiconductor company’s stock valued at $3,269,000 after buying an additional 45 shares during the last quarter. Western Pacific Wealth Management LP raised its holdings in ASML by 648.5% during the first quarter. Western Pacific Wealth Management LP now owns 247 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 214 shares in the last quarter. Strategic Wealth Partners Ltd. purchased a new position in ASML during the first quarter worth about $206,000. Finally, LRI Investments LLC purchased a new position in ASML during the first quarter worth about $37,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ASML has been the subject of several analyst reports. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company cut their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Up 1.7 %

ASML stock opened at $684.47 on Tuesday. The company’s 50 day simple moving average is $742.55 and its 200-day simple moving average is $871.93. The firm has a market capitalization of $269.28 billion, a PE ratio of 35.84, a P/E/G ratio of 1.95 and a beta of 1.51. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS 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 net margin of 26.40% and a return on equity of 47.61%. Equities analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.82%. ASML’s dividend payout ratio (DPR) is currently 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.