ASML Holding N.V. $ASML Stock: GRIMES & Co WEALTH MANAGEMENT LLC Decreases Position

GRIMES & Co WEALTH MANAGEMENT LLC lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 8.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,167 shares of the semiconductor company’s stock after selling 933 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in ASML were worth $18,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp boosted its holdings in ASML by 31.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after acquiring an additional 592,125 shares during the period. Sei Investments Co. grew its position in ASML by 223.7% during the 1st quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock worth $379,368,000 after acquiring an additional 198,505 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in ASML in the 3rd quarter worth approximately $311,859,000. Amundi increased its stake in ASML by 498.0% in the 2nd quarter. Amundi now owns 156,791 shares of the semiconductor company’s stock worth $311,926,000 after purchasing an additional 130,573 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after purchasing an additional 96,860 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Down 2.5%

NASDAQ ASML opened at $1,526.14 on Tuesday. ASML Holding N.V. has a 1 year low of $946.11 and a 1 year high of $1,999.96. The stock has a market capitalization of $588.20 billion, a PE ratio of 37.57, a PEG ratio of 0.69 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01. The business’s 50-day moving average is $1,699.96 and its 200 day moving average is $1,597.10.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The business had revenue of $13.27 billion during the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. Sell-side analysts forecast that ASML Holding N.V. will post 46.54 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be given a $2.1077 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. This is a decrease from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio is 17.53%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Friday, July 10th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Wednesday, September 30th. Wall Street Zen raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a report on Monday, September 14th. Finally, Barclays reissued an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,079.12.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.