Summit Trail Advisors LLC Lowers Stock Holdings in ASML Holding (NASDAQ:ASML)

Summit Trail Advisors LLC lessened its holdings in ASML Holding (NASDAQ:ASML) by 14.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,547 shares of the semiconductor company’s stock after selling 269 shares during the period. Summit Trail Advisors LLC’s holdings in ASML were worth $1,289,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Westfield Capital Management Co. LP increased its holdings in ASML by 126.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 148,377 shares of the semiconductor company’s stock valued at $123,635,000 after acquiring an additional 82,836 shares during the last quarter. Family Capital Management Inc. grew its position in shares of ASML by 1.7% during the third quarter. Family Capital Management Inc. now owns 909 shares of the semiconductor company’s stock valued at $757,000 after purchasing an additional 15 shares in the last quarter. Canopy Partners LLC increased its holdings in shares of ASML by 4.5% in the third quarter. Canopy Partners LLC now owns 580 shares of the semiconductor company’s stock worth $483,000 after purchasing an additional 25 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of ASML by 29.5% in the third quarter. Kingsview Wealth Management LLC now owns 1,859 shares of the semiconductor company’s stock worth $1,549,000 after buying an additional 423 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in ASML by 22.6% during the third quarter. Cerity Partners LLC now owns 40,195 shares of the semiconductor company’s stock valued at $33,492,000 after buying an additional 7,405 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 0.1 %

Shares of NASDAQ ASML opened at $672.88 on Monday. The firm has a market cap of $264.73 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 1.95 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The business’s 50 day moving average is $744.92 and its two-hundred day moving average is $873.54.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Research analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The business also recently declared 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 of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s payout ratio is 29.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ASML. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lowered their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna lowered their price target on 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.