ASML Holding N.V. $ASML Stock: Geneva Partners LLC Lowers Holdings

Geneva Partners LLC lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 91.7% during the third quarter, HoldingsChannel reports. The fund owned 156 shares of the semiconductor company’s stock after selling 1,728 shares during the quarter. Geneva Partners LLC’s holdings in ASML were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. NBH Bank acquired a new position in shares of ASML during the second quarter valued at about $26,000. Field & Main Bank acquired a new stake in ASML during the second quarter worth about $30,000. Gilpin Wealth Management LLC grew its position in ASML by 275.0% during the third quarter. Gilpin Wealth Management LLC now owns 15 shares of the semiconductor company’s stock worth $27,000 after buying an additional 11 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in ASML during the third quarter worth about $36,000. Finally, Curry Webb Wealth Management LLC bought a new position in ASML during the third quarter valued at about $38,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $1,590.90 on Tuesday. The firm has a market capitalization of $613.16 billion, a P/E ratio of 39.17, a P/E/G ratio of 0.66 and a beta of 1.77. The stock has a fifty day moving average price of $1,722.74 and a two-hundred day moving average price of $1,586.27. ASML Holding N.V. has a 52-week low of $946.11 and a 52-week high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01.

ASML (NASDAQ:ASML) last issued its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The company had revenue of $13.27 billion for the quarter. As a group, analysts anticipate that ASML Holding N.V. will post 46.03 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be issued a dividend of $2.1077 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $8.43 annualized dividend and a yield of 0.5%. This is a decrease from ASML’s previous quarterly dividend of $2.1507. ASML’s payout ratio is 17.90%.

Analysts Set New Price Targets

ASML has been the subject of several recent research reports. Argus set a $2,100.00 price target on ASML in a report on Thursday, July 16th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Friday, July 10th. Wall Street Zen upgraded ASML from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Finally, Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,079.12.

ASML Company Profile

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.