ASML Holding (NASDAQ:ASML) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in ASML Holding (NASDAQ:ASML) by 56.0% during the third quarter, Holdings Channel reports. The firm owned 526,101 shares of the semiconductor company’s stock after selling 670,053 shares during the period. Wellington Management Group LLP’s holdings in ASML were worth $438,374,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in ASML in the third quarter valued at $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML in the 2nd quarter worth about $26,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML in the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML during the 2nd quarter worth about $31,000. Finally, First Community Trust NA acquired a new stake in ASML during the 2nd quarter worth approximately $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of NASDAQ ASML opened at $708.98 on Friday. The business has a 50 day moving average price of $721.01 and a two-hundred day moving average price of $857.86. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The firm has a market cap of $278.93 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 2.09 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Sell-side analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given 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 0.79%. ASML’s payout ratio is 29.21%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ASML. JPMorgan Chase & Co. reduced their price target 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. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna cut their price objective on 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. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company dropped 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. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $943.83.

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.