Aigen Investment Management LP Sells 212 Shares of ASML Holding (NASDAQ:ASML)

Aigen Investment Management LP cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 32.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 445 shares of the semiconductor company’s stock after selling 212 shares during the quarter. Aigen Investment Management LP’s holdings in ASML were worth $371,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter worth about $26,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC bought a new stake in shares of ASML in the 3rd quarter worth approximately $25,000. First Community Trust NA bought a new stake in shares of ASML in the 2nd quarter worth approximately $34,000. Finally, Milestone Investment Advisors LLC purchased a new position in ASML in the third quarter valued at approximately $28,000. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $692.96 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $272.62 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51. ASML Holding has a 12 month low of $654.77 and a 12 month high of $1,110.09. The company has a 50-day moving average price of $760.64 and a 200-day moving average price of $884.66.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during 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%. As a group, equities analysts anticipate that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Analyst Ratings Changes

ASML has been the subject of several research reports. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein lowered their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three investment 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 company’s stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average price target 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.