STF Management LP Reduces Stock Position in ASML Holding (NASDAQ:ASML)

STF Management LP reduced its position in shares of ASML Holding (NASDAQ:ASML) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,337 shares of the semiconductor company’s stock after selling 52 shares during the period. STF Management LP’s holdings in ASML were worth $1,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ASML. EP Wealth Advisors LLC boosted its holdings in shares of ASML by 18.6% during the first quarter. EP Wealth Advisors LLC now owns 1,361 shares of the semiconductor company’s stock worth $1,320,000 after purchasing an additional 213 shares during the period. Gamco Investors INC. ET AL lifted its holdings in ASML by 24.1% in the first quarter. Gamco Investors INC. ET AL now owns 6,096 shares of the semiconductor company’s stock worth $5,916,000 after buying an additional 1,185 shares during the period. Beck Capital Management LLC lifted its holdings in ASML by 2.2% in the first quarter. Beck Capital Management LLC now owns 3,130 shares of the semiconductor company’s stock worth $3,038,000 after buying an additional 68 shares during the period. BOKF NA lifted its holdings in ASML by 5.5% in the first quarter. BOKF NA now owns 1,544 shares of the semiconductor company’s stock worth $1,533,000 after buying an additional 81 shares during the period. Finally, Manhattan West Asset Management LLC lifted its holdings in ASML by 22.9% in the first quarter. Manhattan West Asset Management LLC now owns 4,018 shares of the semiconductor company’s stock worth $3,899,000 after buying an additional 750 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Trading Up 1.8 %

Shares of ASML stock opened at $670.02 on Friday. The company’s fifty day simple moving average is $747.79 and its 200-day simple moving average is $875.74. The stock has a market capitalization of $263.60 billion, a PE ratio of 35.08, a P/E/G ratio of 1.92 and a beta of 1.51. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, equities analysts anticipate that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 29.21%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company lowered their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein reduced their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Company 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.