TrinityPoint Wealth LLC Has $518,000 Stake in ASML Holding (NASDAQ:ASML)

TrinityPoint Wealth LLC reduced its position in shares of ASML Holding (NASDAQ:ASML) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 622 shares of the semiconductor company’s stock after selling 37 shares during the quarter. TrinityPoint Wealth LLC’s holdings in ASML were worth $518,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Stockman Wealth Management Inc. lifted its position in ASML by 7.2% in 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 in the last quarter. US Bancorp DE raised its holdings in shares of ASML by 7.5% during the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock worth $39,664,000 after acquiring an additional 3,321 shares in the last quarter. Vantage Investment Partners LLC boosted its position in ASML by 8.5% during the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock valued at $28,970,000 after purchasing an additional 2,736 shares during the last quarter. KP Management LLC grew its stake in ASML by 66.7% in the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 2,000 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in ASML in the 3rd quarter worth about $1,372,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

NASDAQ ASML opened at $665.23 on Tuesday. The stock has a market capitalization of $261.71 billion, a PE ratio of 34.83, a P/E/G ratio of 1.90 and a beta of 1.51. The stock has a 50-day simple moving average of $755.01 and a 200 day simple moving average of $880.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a twelve month low of $648.00 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Research analysts anticipate that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.85%. ASML’s payout ratio is 29.21%.

Wall Street Analyst Weigh In

ASML has been the topic of a number of research reports. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Sanford C. Bernstein dropped their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Susquehanna reduced their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.