ASML Holding (NASDAQ:ASML) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC trimmed its holdings in ASML Holding (NASDAQ:ASML) by 49.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,873 shares of the semiconductor company’s stock after selling 7,750 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in ASML were worth $6,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KP Management LLC increased its stake in ASML by 66.7% in the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 2,000 shares during the period. Harvard Management Co. Inc. increased its position in ASML by 239.8% in the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after acquiring an additional 66,000 shares during the period. Pictet North America Advisors SA raised its stake in ASML by 15.0% during the 3rd quarter. Pictet North America Advisors SA now owns 5,929 shares of the semiconductor company’s stock valued at $4,940,000 after acquiring an additional 773 shares during the last quarter. Point72 DIFC Ltd lifted its position in ASML by 122.1% during the 2nd quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after acquiring an additional 3,527 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of ASML by 169.4% in the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after purchasing an additional 14,682 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.3 %

Shares of ASML stock opened at $710.81 on Friday. The company has a 50-day moving average of $825.27 and a two-hundred day moving average of $910.74. ASML Holding has a 12-month low of $581.57 and a 12-month high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a market cap of $280.48 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be paid a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.79%. The ex-dividend date is Tuesday, October 29th. ASML’s payout ratio is currently 28.70%.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. Sanford C. Bernstein cut their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday. Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Susquehanna cut 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 report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

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.