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

Park Avenue Securities LLC lessened its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 5.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,518 shares of the semiconductor company’s stock after selling 641 shares during the period. Park Avenue Securities LLC’s holdings in ASML were worth $19,056,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake 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 valued at $4,892,869,000 after purchasing an additional 592,125 shares in the last quarter. Sei Investments Co. increased its position in ASML by 223.7% in the 1st quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock worth $379,368,000 after purchasing an additional 198,505 shares during the last quarter. Amundi increased its position in ASML by 498.0% in the 2nd quarter. Amundi now owns 156,791 shares of the semiconductor company’s stock worth $311,926,000 after purchasing an additional 130,573 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after purchasing an additional 96,860 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of ASML by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 339,642 shares of the semiconductor company’s stock worth $448,610,000 after purchasing an additional 69,668 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group reissued a “buy” rating on shares of ASML in a research note on Monday, September 28th. Argus set a $2,100.00 price objective on shares of ASML in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 10th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 15th. Finally, Sanford C. Bernstein boosted their target price on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,079.12.

ASML Stock Up 1.2%

ASML opened at $1,590.90 on Tuesday. The firm has a market cap of $613.16 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.77. 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 business has a 50 day moving average price of $1,722.74 and a 200 day moving average price of $1,586.27. ASML Holding N.V. has a twelve month low of $946.11 and a twelve month high of $1,999.96.

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

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be given a dividend of $2.1077 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $8.43 annualized dividend and a dividend yield of 0.5%. This is a drop from ASML’s previous quarterly dividend of $2.1507. ASML’s payout ratio is presently 17.90%.

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.