ASML Holding N.V. $ASML Position Decreased by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co Wealth Management reduced its ASML stake by 8.4% in the third quarter, selling 933 shares and retaining 10,167 shares valued at approximately $18.4 million. Institutional investors collectively own 26.07% of ASML.
• Analysts remain broadly positive, with ASML receiving a consensus “Moderate Buy” rating and an average price target of $2,079.12, despite some target-price revisions.
• ASML reported quarterly EPS of $14.71 on $13.27 billion in revenue, while its shares opened at $1,526.14. The company also reduced its quarterly dividend to $2.1077, equivalent to a 0.6% annualized yield.

GRIMES & Co WEALTH MANAGEMENT LLC reduced its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,167 shares of the semiconductor company's stock after selling 933 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in ASML were worth $18,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. NBH Bank purchased a new position in ASML in the 2nd quarter worth approximately $26,000. Field & Main Bank bought a new position in shares of ASML in the 2nd quarter worth $30,000. Gilpin Wealth Management LLC raised its position in shares of ASML by 275.0% during the 3rd quarter. Gilpin Wealth Management LLC now owns 15 shares of the semiconductor company's stock valued at $27,000 after buying an additional 11 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in shares of ASML during the 3rd quarter valued at $36,000. Finally, Curry Webb Wealth Management LLC bought a new stake in shares of ASML during the 3rd quarter worth $38,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ASML shares. Cantor Fitzgerald reiterated an "overweight" rating on shares of ASML in a research report on Monday, September 14th. JPMorgan Chase & Co. reduced their target price on ASML from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada restated an "outperform" rating and set a $2,100.00 price target on shares of ASML in a research report on Wednesday, October 7th. Wells Fargo & Company lifted their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings lowered ASML from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and an average price target of $2,079.12.

ASML Stock Down 2.5%

Shares of ASML opened at $1,526.14 on Tuesday. ASML Holding N.V. has a 1 year low of $946.11 and a 1 year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $1,699.96 and a two-hundred day simple moving average of $1,597.10. The firm has a market cap of $588.20 billion, a P/E ratio of 37.57, a P/E/G ratio of 0.69 and a beta of 1.77.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The firm had revenue of $13.27 billion for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. On average, analysts forecast that ASML Holding N.V. will post 46.54 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be paid a $2.1077 dividend. This is a negative change from ASML's previous quarterly dividend of $2.1507. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. ASML's dividend payout ratio is currently 17.53%.

ASML Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML's product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.

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