Summit Trail Advisors LLC Sells 269 Shares of ASML Holding (NASDAQ:ASML)

Summit Trail Advisors LLC decreased its stake in ASML Holding (NASDAQ:ASML) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,547 shares of the semiconductor company’s stock after selling 269 shares during the period. Summit Trail Advisors LLC’s holdings in ASML were worth $1,289,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its stake in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after purchasing an additional 870,010 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after acquiring an additional 491,096 shares during the period. Van ECK Associates Corp increased its holdings in ASML by 37.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after acquiring an additional 474,653 shares during the last quarter. Tairen Capital Ltd lifted its holdings in ASML by 321.2% during the second quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company’s stock valued at $207,559,000 after purchasing an additional 154,760 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of ASML in the third quarter valued at approximately $125,952,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Sanford C. Bernstein lowered their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Susquehanna reduced their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, Wells Fargo & Company dropped their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

ASML stock opened at $672.88 on Monday. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The stock has a market cap of $264.73 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 1.95 and a beta of 1.51. The stock’s 50 day simple moving average is $744.92 and its two-hundred day simple moving average is $873.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. As a group, analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.84%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 29.21%.

ASML Company 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.