ASML Holding (NASDAQ:ASML) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 20.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,419 shares of the semiconductor company’s stock after selling 607 shares during the quarter. Atomi Financial Group Inc.’s holdings in ASML were worth $2,016,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ASML. Resources Management Corp CT ADV bought a new position in shares of ASML during the second quarter worth about $26,000. American Capital Advisory LLC bought a new position in ASML during the 1st quarter worth approximately $26,000. WD Rutherford LLC acquired a new position in shares of ASML in the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC bought a new stake in shares of ASML in the 2nd quarter valued at approximately $31,000. Finally, First Community Trust NA acquired a new stake in shares of ASML during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of NASDAQ ASML opened at $824.26 on Wednesday. ASML Holding has a 12-month low of $573.86 and a 12-month high of $1,110.09. The company has a market cap of $325.24 billion, a PE ratio of 42.10, a P/E/G ratio of 1.97 and a beta of 1.48. The stock has a 50 day simple moving average of $847.87 and a 200-day simple moving average of $927.86. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

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

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.91%. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s payout ratio is 28.50%.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of research reports. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna increased their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Wells Fargo & Company decreased their target price on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,110.80.

About ASML

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.