ASML Holding N.V. $ASML Stock Sold by Balentine LLC

Balentine LLC reduced its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 56.4% in the third quarter, Holdings Channel reports. The fund owned 317 shares of the semiconductor company’s stock after selling 410 shares during the quarter. Balentine LLC’s holdings in ASML were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp increased its position in ASML by 31.7% in the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock worth $4,892,869,000 after purchasing an additional 592,125 shares during the last quarter. Sei Investments Co. raised its stake in ASML by 223.7% during the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after purchasing an additional 198,505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in ASML during the third quarter valued at $311,859,000. Amundi lifted its position in ASML by 498.0% during the second quarter. Amundi now owns 156,791 shares of the semiconductor company’s stock valued at $311,926,000 after purchasing an additional 130,573 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after purchasing an additional 96,860 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Wednesday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $2,100.00 price target on shares of ASML in a report on Wednesday, October 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Finally, Argus set a $2,100.00 price objective on ASML in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $2,204.71.

ASML Stock Up 5.0%

Shares of ASML opened at $1,424.75 on Friday. The company has a market cap of $549.13 billion, a PE ratio of 35.08, a P/E/G ratio of 0.59 and a beta of 1.80. The business has a fifty day moving average of $1,677.25 and a 200 day moving average of $1,599.85. ASML Holding N.V. has a 52-week low of $946.11 and a 52-week high of $1,999.96. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share 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 for the quarter. On average, sell-side analysts expect that ASML Holding N.V. will post 46.54 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were paid a dividend of $2.1077 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. This is a drop from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio is presently 17.55%.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.

The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.