Natixis Advisors LLC Sells 4,377 Shares of ASML Holding (NASDAQ:ASML)

Natixis Advisors LLC lowered its holdings in ASML Holding (NASDAQ:ASML) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 145,937 shares of the semiconductor company’s stock after selling 4,377 shares during the quarter. Natixis Advisors LLC’s holdings in ASML were worth $121,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Resources Management Corp CT ADV purchased a new position in ASML in the 2nd quarter worth approximately $26,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML during the second quarter worth about $31,000. Fairway Wealth LLC purchased a new position in shares of ASML in the third quarter worth $25,000. First Community Trust NA purchased a new stake in ASML in the 2nd quarter worth $34,000. Finally, Milestone Investment Advisors LLC bought a new position in ASML during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $658.63 on Friday. 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 Holding has a 1 year low of $654.77 and a 1 year high of $1,110.09. The business has a fifty day moving average of $756.70 and a 200 day moving average of $881.59. The firm has a market capitalization of $259.12 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. As a group, research analysts expect that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. ASML’s dividend payout ratio (DPR) is 29.21%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ASML. Susquehanna dropped their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.