ASML Holding (NASDAQ:ASML) Shares Sold by Greenleaf Trust

Greenleaf Trust reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 24.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,732 shares of the semiconductor company’s stock after selling 902 shares during the quarter. Greenleaf Trust’s holdings in ASML were worth $2,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the second quarter worth about $26,000. WD Rutherford LLC acquired a new position in ASML during the first quarter worth approximately $29,000. Triad Wealth Partners LLC purchased a new stake in ASML in the second quarter valued at approximately $31,000. First Community Trust NA acquired a new stake in shares of ASML in the second quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC purchased a new position in shares of ASML during the second quarter worth approximately $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

ASML stock opened at $708.62 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a one year low of $581.57 and a one year high of $1,110.09. The company has a market cap of $279.61 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The business has a fifty day moving average of $825.27 and a two-hundred day moving average of $910.74.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be issued a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio is currently 28.70%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Sanford C. Bernstein reduced their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday. Wells Fargo & Company dropped their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

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.