Alkeon Capital Management LLC Sells 377 Shares of ASML Holding (NASDAQ:ASML)

Alkeon Capital Management LLC lowered its stake in shares of ASML Holding (NASDAQ:ASML) by 0.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 556,147 shares of the semiconductor company’s stock after selling 377 shares during the period. ASML makes up approximately 0.8% of Alkeon Capital Management LLC’s holdings, making the stock its 15th biggest position. Alkeon Capital Management LLC owned approximately 0.14% of ASML worth $463,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its stake in shares of ASML by 15.6% in the third quarter. Hantz Financial Services Inc. now owns 10,889 shares of the semiconductor company’s stock worth $9,073,000 after purchasing an additional 1,468 shares in the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of ASML by 70.4% in the third quarter. Northwest & Ethical Investments L.P. now owns 230 shares of the semiconductor company’s stock valued at $192,000 after acquiring an additional 95 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ASML by 36.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,799 shares of the semiconductor company’s stock worth $5,665,000 after acquiring an additional 1,830 shares during the last quarter. Financial Counselors Inc. grew its stake in ASML by 0.6% in the 3rd quarter. Financial Counselors Inc. now owns 6,622 shares of the semiconductor company’s stock worth $5,518,000 after acquiring an additional 38 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ASML by 56.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 565 shares of the semiconductor company’s stock valued at $471,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASML. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Sanford C. Bernstein cut their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Trading Down 0.2 %

NASDAQ:ASML opened at $670.48 on Friday. The firm has a market cap of $263.78 billion, a P/E ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51. The stock’s 50 day simple moving average is $734.37 and its 200-day simple moving average is $867.34. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. Equities 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. Shareholders of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. ASML’s dividend payout ratio (DPR) is 29.21%.

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.