ASML Holding (NASDAQ:ASML) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its holdings in ASML Holding (NASDAQ:ASML) by 2.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,696 shares of the semiconductor company’s stock after selling 358 shares during the quarter. Glenmede Trust Co. NA’s holdings in ASML were worth $13,079,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Taurus Asset Management LLC acquired a new stake in shares of ASML during the third quarter worth $16,994,000. Stockman Wealth Management Inc. raised its holdings in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares during the period. US Bancorp DE lifted its stake in ASML by 7.5% during the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 3,321 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of ASML by 104.4% in the third quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after buying an additional 3,580 shares during the period. Finally, Vantage Investment Partners LLC increased its position in shares of ASML by 8.5% in the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after acquiring an additional 2,736 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $670.48 on Friday. The company has a market capitalization of $263.78 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 1.99 and a beta of 1.51. The firm has a 50 day moving average of $734.37 and a two-hundred day moving average of $867.34. 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 12 month low of $645.45 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.66 billion. As a group, equities analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ASML shares. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company dropped their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.