Park Avenue Securities LLC Sells 856 Shares of ASML Holding (NASDAQ:ASML)

Park Avenue Securities LLC cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,946 shares of the semiconductor company’s stock after selling 856 shares during the period. Park Avenue Securities LLC’s holdings in ASML were worth $8,288,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ASML. Trinity Financial Advisors LLC boosted its position in ASML by 24.9% in the 3rd quarter. Trinity Financial Advisors LLC now owns 502 shares of the semiconductor company’s stock valued at $433,000 after buying an additional 100 shares during the last quarter. Armstrong Henry H Associates Inc. boosted its position in ASML by 229.5% in the 3rd quarter. Armstrong Henry H Associates Inc. now owns 1,364 shares of the semiconductor company’s stock valued at $1,137,000 after buying an additional 950 shares during the last quarter. First Community Trust NA boosted its position in ASML by 121.2% in the 3rd quarter. First Community Trust NA now owns 73 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 40 shares during the last quarter. Abacus Planning Group Inc. boosted its position in ASML by 65.6% in the 3rd quarter. Abacus Planning Group Inc. now owns 429 shares of the semiconductor company’s stock valued at $357,000 after buying an additional 170 shares during the last quarter. Finally, Doliver Advisors LP boosted its position in ASML by 21.6% in the 3rd quarter. Doliver Advisors LP now owns 2,197 shares of the semiconductor company’s stock valued at $1,831,000 after buying an additional 390 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ASML shares. JPMorgan Chase & Co. increased their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna increased their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Finally, UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,110.80.

ASML Trading Up 0.1 %

ASML stock traded up $0.59 during mid-day trading on Friday, hitting $833.00. 862,835 shares of the company’s stock were exchanged, compared to its average volume of 1,253,543. The firm has a market capitalization of $328.69 billion, a P/E ratio of 42.54, a PEG ratio of 1.97 and a beta of 1.48. ASML Holding has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company’s 50 day simple moving average is $848.94 and its 200-day simple moving average is $929.53.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.37 EPS. On average, equities analysts anticipate that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.50%.

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.