Greenwood Gearhart Inc. Sells 1,804 Shares of ASML Holding (NASDAQ:ASML)

Greenwood Gearhart Inc. reduced its holdings in shares of ASML Holding (NASDAQ:ASML) by 14.3% in the third quarter, HoldingsChannel reports. The fund owned 10,852 shares of the semiconductor company’s stock after selling 1,804 shares during the period. Greenwood Gearhart Inc.’s holdings in ASML were worth $9,043,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lantz Financial LLC bought a new position in ASML during the 2nd quarter valued at approximately $216,000. Dynamic Advisor Solutions LLC boosted its stake in ASML by 67.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,448 shares of the semiconductor company’s stock worth $1,481,000 after purchasing an additional 584 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in ASML by 0.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,069 shares of the semiconductor company’s stock valued at $3,139,000 after purchasing an additional 16 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in ASML by 0.8% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,454 shares of the semiconductor company’s stock valued at $4,555,000 after purchasing an additional 34 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in ASML by 4.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 31,292 shares of the semiconductor company’s stock worth $32,003,000 after buying an additional 1,429 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ ASML opened at $706.52 on Tuesday. The firm has a market cap of $277.96 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.06 and a beta of 1.49. The business has a 50-day moving average price of $718.47 and a 200-day moving average price of $855.80. 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 Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities research analysts predict that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target 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. Susquehanna reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Finally, Sanford C. Bernstein cut their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $943.83.

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.