ASML Holding N.V. $ASML Stock Position Lowered by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 25.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,797 shares of the semiconductor company’s stock after selling 944 shares during the period. Cabot Wealth Management Inc.’s holdings in ASML were worth $5,067,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Baron Wealth Management LLC lifted its position in shares of ASML by 1.8% in the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock valued at $662,000 after acquiring an additional 6 shares in the last quarter. Whitener Capital Management Inc. grew its position in ASML by 2.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock worth $434,000 after purchasing an additional 6 shares in the last quarter. Founders Financial Alliance LLC grew its position in ASML by 2.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 6 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in ASML by 0.3% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock worth $2,948,000 after purchasing an additional 7 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in ASML by 2.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 364 shares of the semiconductor company’s stock valued at $724,000 after purchasing an additional 7 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $1,534.42 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The stock has a market cap of $591.39 billion, a P/E ratio of 37.77, a P/E/G ratio of 0.63 and a beta of 1.80. The firm has a 50 day simple moving average of $1,667.22 and a 200 day simple moving average of $1,601.91. ASML Holding N.V. has a 52 week low of $946.11 and a 52 week high of $1,999.96.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. The firm had revenue of $13.27 billion for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. Research analysts anticipate that ASML Holding N.V. will post 46.54 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were given a dividend of $2.1077 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This is a negative change from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 dividend on an annualized basis and a yield of 0.5%. ASML’s payout ratio is 17.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ASML shares. Citigroup restated a “buy” rating on shares of ASML in a report on Thursday, October 15th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Wells Fargo & Company lifted their price target on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. UBS Group reiterated a “buy” rating on shares of ASML in a report on Monday, September 28th. Finally, Barclays reissued an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,204.71.

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.