1,538 ASML Holding N.V. $ASML Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 14.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,273 shares of the semiconductor company’s stock after selling 1,538 shares during the period. ASML makes up approximately 1.2% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 22nd biggest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in ASML were worth $16,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. Abacus Wealth Partners LLC boosted its holdings in shares of ASML by 2.8% in the 3rd quarter. Abacus Wealth Partners LLC now owns 799 shares of the semiconductor company’s stock worth $1,448,000 after purchasing an additional 22 shares during the period. Flagship Wealth Advisors LLC raised its holdings in ASML by 134.1% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 96 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 55 shares during the period. United Advisor Group LLC raised its holdings in ASML by 7.2% during the 3rd quarter. United Advisor Group LLC now owns 1,755 shares of the semiconductor company’s stock valued at $3,179,000 after buying an additional 118 shares during the period. Twin Peaks Capital Ltd raised its holdings in ASML by 100.0% during the 3rd quarter. Twin Peaks Capital Ltd now owns 6,000 shares of the semiconductor company’s stock valued at $10,870,000 after buying an additional 3,000 shares during the period. Finally, Plancorp LLC bought a new stake in ASML in the third quarter worth $578,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Friday, July 10th. Cantor Fitzgerald reissued an “overweight” rating on shares of ASML in a research note on Monday, September 14th. Weiss Ratings lowered shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Monday, September 28th. Finally, DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,204.71.

ASML Trading Up 5.0%

Shares of NASDAQ ASML traded up $68.10 during midday trading on Friday, hitting $1,424.75. The company’s stock had a trading volume of 1,902,471 shares, compared to its average volume of 1,583,467. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $1,677.25 and its two-hundred day moving average is $1,599.85. ASML Holding N.V. has a 12-month low of $946.11 and a 12-month high of $1,999.96. The firm has a market cap of $549.13 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 0.63 and a beta of 1.80.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. The company 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%. As a group, equities research analysts expect that ASML Holding N.V. will post 46.54 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were paid a dividend of $2.1077 per share. This is a decrease from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, October 27th. ASML’s payout ratio is presently 17.55%.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.

The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.