ASML Holding (NASDAQ:ASML) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. trimmed its position in shares of ASML Holding (NASDAQ:ASML) by 0.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,750 shares of the semiconductor company’s stock after selling 169 shares during the period. ASML makes up approximately 1.7% of Griffin Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Griffin Asset Management Inc.’s holdings in ASML were worth $15,623,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Resources Management Corp CT ADV acquired a new position in shares of ASML during the 2nd quarter worth $26,000. WD Rutherford LLC acquired a new stake in ASML in the first quarter valued at approximately $29,000. Triad Wealth Partners LLC bought a new stake in shares of ASML during the second quarter worth $31,000. First Community Trust NA acquired a new position in shares of ASML during the second quarter worth $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML in the 2nd quarter valued at $36,000. 26.07% of the stock is owned by institutional investors.

ASML Trading Down 16.3 %

NASDAQ ASML opened at $730.43 on Wednesday. The stock has a market capitalization of $288.22 billion, a P/E ratio of 37.30, a P/E/G ratio of 2.08 and a beta of 1.48. The business has a 50 day simple moving average of $843.76 and a 200 day simple moving average of $921.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a one year low of $573.86 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the firm posted $5.37 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Research analysts expect that ASML Holding will post 20.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ASML. Berenberg Bank upgraded shares of 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 report on Friday, September 20th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company reduced their price target on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, UBS Group cut 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, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,071.80.

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.