ASML Holding (NASDAQ:ASML) Shares Sold by Park Place Capital Corp

Park Place Capital Corp trimmed its position in ASML Holding (NASDAQ:ASML) by 26.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 234 shares of the semiconductor company’s stock after selling 84 shares during the quarter. Park Place Capital Corp’s holdings in ASML were worth $195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Tennessee Treasury Department boosted its holdings in shares of ASML by 5.5% in the 4th quarter. State of Tennessee Treasury Department now owns 37,760 shares of the semiconductor company’s stock valued at $28,581,000 after acquiring an additional 1,975 shares during the last quarter. Cresset Asset Management LLC boosted its stake in shares of ASML by 10.6% in the fourth quarter. Cresset Asset Management LLC now owns 20,510 shares of the semiconductor company’s stock worth $15,524,000 after buying an additional 1,974 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in ASML during the fourth quarter valued at approximately $504,000. Point72 Europe London LLP purchased a new position in ASML during the fourth quarter valued at approximately $10,294,000. Finally, LM Advisors LLC purchased a new stake in ASML in the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 0.9 %

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

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

ASML Increases Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on ASML. JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Susquehanna boosted their target price 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. Three 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.