ASML Holding (NASDAQ:ASML) Shares Sold by Tidal Investments LLC

Tidal Investments LLC decreased its stake in ASML Holding (NASDAQ:ASML) by 60.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,552 shares of the semiconductor company’s stock after selling 2,411 shares during the period. Tidal Investments LLC’s holdings in ASML were worth $1,293,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter worth about $26,000. Fairway Wealth LLC purchased a new position in ASML during the 3rd quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new position in ASML during the third quarter worth approximately $28,000. POM Investment Strategies LLC purchased a new stake in ASML in the second quarter valued at approximately $36,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of ASML in the second quarter valued at approximately $39,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of ASML stock opened at $719.49 on Thursday. The stock has a fifty day moving average price of $702.89 and a 200 day moving average price of $844.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market cap of $283.06 billion, a PE ratio of 37.67, a P/E/G ratio of 2.07 and a beta of 1.49. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion during 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%. Sell-side analysts forecast that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.78%. ASML’s dividend payout ratio is presently 29.21%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. 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 report on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein reduced their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.