M&T Bank Corp Decreases Stock Holdings in ASML Holding (NASDAQ:ASML)

M&T Bank Corp trimmed its stake in shares of ASML Holding (NASDAQ:ASML) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,343 shares of the semiconductor company’s stock after selling 1,574 shares during the period. M&T Bank Corp’s holdings in ASML were worth $14,451,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ASML. Fairway Wealth LLC purchased a new stake in ASML during the third quarter worth $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the second quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML in the third quarter valued at approximately $28,000. Triad Wealth Partners LLC purchased a new position in shares of ASML during the 2nd quarter worth approximately $31,000. Finally, POM Investment Strategies LLC acquired a new stake in ASML during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $705.27 on Wednesday. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a market cap of $277.47 billion, a PE ratio of 36.93, a P/E/G ratio of 2.06 and a beta of 1.49. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $718.47 and its 200-day simple moving average is $855.80.

ASML (NASDAQ:ASML) last announced its 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 the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities research analysts anticipate that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.80%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ASML shares. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $943.83.

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.