Stokes Family Office LLC Sells 522 Shares of ASML Holding (NASDAQ:ASML)

Stokes Family Office LLC trimmed its stake in shares of ASML Holding (NASDAQ:ASML) by 59.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 356 shares of the semiconductor company’s stock after selling 522 shares during the quarter. Stokes Family Office LLC’s holdings in ASML were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in ASML by 34.6% during the third quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock valued at $628,344,000 after acquiring an additional 274,562 shares during the last quarter. International Assets Investment Management LLC grew its stake in ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after purchasing an additional 245,488 shares during the period. Barclays PLC increased its holdings in ASML by 106.5% in the third quarter. Barclays PLC now owns 336,956 shares of the semiconductor company’s stock worth $198,353,000 after purchasing an additional 173,813 shares in the last quarter. Jennison Associates LLC lifted its stake in ASML by 15.3% in the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock valued at $867,549,000 after buying an additional 151,844 shares during the period. Finally, FMR LLC boosted its holdings in shares of ASML by 3.6% during the 3rd quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock worth $2,123,710,000 after buying an additional 126,413 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ASML. Sanford C. Bernstein dropped their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Cantor Fitzgerald initiated coverage on shares of ASML in a research report on Tuesday, January 23rd. They set an “overweight” rating on the stock. Evercore ISI initiated coverage on ASML in a report on Tuesday, April 16th. They issued an “outperform” rating on the stock. HSBC assumed coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Finally, Raymond James increased their target price on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Stock Up 3.6 %

Shares of ASML traded up $31.35 during trading hours on Friday, reaching $901.63. 1,038,174 shares of the stock traded hands, compared to its average volume of 1,239,902. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,056.34. The stock has a fifty day simple moving average of $951.75 and a 200 day simple moving average of $812.02. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a market cap of $355.77 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 2.17 and a beta of 1.49.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be given a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, April 26th. ASML’s payout ratio is 32.53%.

ASML Profile

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.