ASML Holding N.V. $ASML Stock: Commonwealth Equity Services LLC Reduces Holdings

Commonwealth Equity Services LLC cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,147 shares of the semiconductor company’s stock after selling 385 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ASML were worth $90,850,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after buying an additional 592,125 shares during the period. BlackRock Inc. raised its stake in ASML by 4.9% during the 2nd quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company’s stock worth $2,550,840,000 after buying an additional 59,888 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after buying an additional 96,860 shares during the period. Bank of America Corp DE boosted its holdings in ASML by 1.2% in the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after acquiring an additional 19,051 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in ASML by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company’s stock worth $1,364,963,000 after acquiring an additional 18,768 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML opened at $1,424.75 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The stock has a 50 day moving average price of $1,677.25 and a two-hundred day moving average price of $1,599.85. The firm has a market capitalization of $549.13 billion, a P/E ratio of 35.08, a P/E/G ratio of 0.63 and a beta of 1.80. ASML Holding N.V. has a 52 week low of $946.11 and a 52 week high of $1,999.96.

ASML (NASDAQ:ASML) last posted its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. The company had revenue of $13.27 billion for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. Equities analysts forecast that ASML Holding N.V. will post 46.54 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were given a $2.1077 dividend. This represents a $8.43 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, October 27th. This is a decrease from ASML’s previous quarterly dividend of $2.1507. ASML’s payout ratio is currently 17.55%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ASML shares. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Wednesday, September 30th. Wall Street Zen upgraded ASML from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Cantor Fitzgerald reissued an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Weiss Ratings lowered shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,204.71.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.

The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.