641 ASML Holding N.V. $ASML Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 5.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,518 shares of the semiconductor company’s stock after selling 641 shares during the quarter. Park Avenue Securities LLC’s holdings in ASML were worth $19,056,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ASML. NBH Bank purchased a new position in ASML in the 2nd quarter worth approximately $26,000. Field & Main Bank acquired a new stake in ASML in the second quarter valued at approximately $30,000. Gilpin Wealth Management LLC raised its stake in shares of ASML by 275.0% during the third quarter. Gilpin Wealth Management LLC now owns 15 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 11 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of ASML during the third quarter valued at approximately $36,000. Finally, Curry Webb Wealth Management LLC acquired a new position in shares of ASML during the third quarter worth $38,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 1.2%

ASML stock opened at $1,590.90 on Tuesday. ASML Holding N.V. has a twelve month low of $946.11 and a twelve month high of $1,999.96. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $613.16 billion, a P/E ratio of 39.17, a PEG ratio of 0.66 and a beta of 1.77. The firm has a 50 day simple moving average of $1,722.74 and a 200-day simple moving average of $1,586.27.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The business had revenue of $13.27 billion during the quarter. On average, equities research analysts predict that ASML Holding N.V. will post 46.03 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th will be issued a $2.1077 dividend. This represents a $8.43 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 27th. This is a negative change from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio is currently 17.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Cantor Fitzgerald reissued an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Wall Street Zen upgraded ASML from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Argus set a $2,100.00 target price on ASML in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 10th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,079.12.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.