Central Bank & Trust Co. Cuts Holdings in ASML Holding (NASDAQ:ASML)

Central Bank & Trust Co. lessened its stake in ASML Holding (NASDAQ:ASML) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,367 shares of the semiconductor company’s stock after selling 46 shares during the quarter. Central Bank & Trust Co.’s holdings in ASML were worth $1,139,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ASML. Resources Management Corp CT ADV acquired a new position in shares of ASML during the second quarter worth $26,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML during the 2nd quarter worth about $31,000. First Community Trust NA purchased a new stake in ASML during the second quarter worth approximately $34,000. POM Investment Strategies LLC acquired a new stake in ASML during the second quarter worth approximately $36,000. Finally, LRI Investments LLC acquired a new position in shares of ASML in the 1st quarter valued at $37,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

ASML stock opened at $671.16 on Tuesday. The company has a market cap of $264.05 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 1.95 and a beta of 1.51. 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 firm has a 50 day moving average of $789.28 and a 200-day moving average of $895.46. ASML Holding has a 12-month low of $631.17 and a 12-month high of $1,110.09.

ASML Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna lowered their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Sanford C. Bernstein lowered their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

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.