ASML Holding N.V. $ASML Shares Sold by BCV Asset Management Inc.

Key Points

• BCV Asset Management cut its ASML position by 38.9% in the third quarter, selling 15,423 shares. It retained 24,272 shares, valued at about $44.2 million at quarter-end.
• ASML reported quarterly earnings per share of $14.71 on revenue of $13.27 billion; analysts expect full-year EPS of $46.51. The company’s latest quarterly dividend fell to $2.1077 per share from $2.1507.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $2,204.71. Shares opened at $1,495.16 on Friday, below their 50-day and 200-day moving averages.

BCV Asset Management Inc. decreased its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 38.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,272 shares of the semiconductor company's stock after selling 15,423 shares during the period. BCV Asset Management Inc.'s holdings in ASML were worth $44,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baron Wealth Management LLC increased its position in shares of ASML by 1.8% during the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock worth $662,000 after acquiring an additional 6 shares during the period. Whitener Capital Management Inc. lifted its position in shares of ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock valued at $434,000 after buying an additional 6 shares during the last quarter. Founders Financial Alliance LLC lifted its position in shares of ASML by 2.3% during the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock valued at $529,000 after buying an additional 6 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of ASML by 0.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company's stock valued at $2,948,000 after buying an additional 7 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of ASML by 2.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 364 shares of the semiconductor company's stock valued at $724,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Stock Down 0.1%

Shares of NASDAQ:ASML opened at $1,495.16 on Friday. The business has a 50-day moving average price of $1,660.49 and a 200 day moving average price of $1,602.53. ASML Holding N.V. has a 12-month low of $946.11 and a 12-month high of $1,999.96. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $576.26 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 0.62 and a beta of 1.80.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The business had revenue of $13.27 billion during the quarter. Sell-side analysts expect that ASML Holding N.V. will post 46.51 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were paid a $2.1077 dividend. The ex-dividend date of this dividend was Tuesday, October 27th. This is a drop from ASML's previous quarterly dividend of $2.1507. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. ASML's payout ratio is presently 17.55%.

Analyst Upgrades and Downgrades

ASML has been the subject of several recent analyst reports. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a report on Wednesday, September 30th. JPMorgan Chase & Co. reduced their target price on ASML from $2,400.00 to $2,350.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. Cantor Fitzgerald reissued an "overweight" rating on shares of ASML in a report on Monday, September 14th. Weiss Ratings cut shares of ASML from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 30th. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a research note on Thursday, October 15th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $2,204.71.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers. The company's products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.

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