ASML Holding (NASDAQ:ASML) Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC cut its position in shares of ASML Holding (NASDAQ:ASML) by 50.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the semiconductor company’s stock after selling 10,000 shares during the quarter. Telemark Asset Management LLC’s holdings in ASML were worth $8,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. EP Wealth Advisors LLC increased its stake in ASML by 18.6% in the first quarter. EP Wealth Advisors LLC now owns 1,361 shares of the semiconductor company’s stock valued at $1,320,000 after purchasing an additional 213 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of ASML by 24.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,096 shares of the semiconductor company’s stock worth $5,916,000 after acquiring an additional 1,185 shares during the period. Beck Capital Management LLC boosted its position in shares of ASML by 2.2% in the first quarter. Beck Capital Management LLC now owns 3,130 shares of the semiconductor company’s stock worth $3,038,000 after acquiring an additional 68 shares during the last quarter. BOKF NA grew its holdings in ASML by 5.5% in the first quarter. BOKF NA now owns 1,544 shares of the semiconductor company’s stock valued at $1,533,000 after purchasing an additional 81 shares during the period. Finally, Manhattan West Asset Management LLC increased its position in ASML by 22.9% during the first quarter. Manhattan West Asset Management LLC now owns 4,018 shares of the semiconductor company’s stock worth $3,899,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $670.02 on Friday. 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 one year low of $645.45 and a one year high of $1,110.09. The stock’s 50 day moving average price is $747.79 and its 200 day moving average price is $875.74. The firm has a market capitalization of $263.60 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51.

ASML (NASDAQ:ASML) last announced its earnings results 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 net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. As a group, sell-side analysts expect that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company reduced their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Sanford C. Bernstein decreased their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $970.60.

About ASML

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.