Penserra Capital Management LLC Sells 1,918 Shares of ASML Holding (NASDAQ:ASML)

Penserra Capital Management LLC lessened its holdings in ASML Holding (NASDAQ:ASML) by 32.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,911 shares of the semiconductor company’s stock after selling 1,918 shares during the quarter. Penserra Capital Management LLC’s holdings in ASML were worth $3,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ASML. Fairway Wealth LLC purchased a new stake in shares of ASML during the third quarter valued at approximately $25,000. Resources Management Corp CT ADV purchased a new stake in ASML during the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC bought a new stake in ASML in the 3rd quarter worth $28,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the second quarter valued at about $31,000. Finally, First Community Trust NA bought a new position in shares of ASML during the second quarter valued at about $34,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Sanford C. Bernstein reduced their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Trading Up 1.7 %

ASML stock opened at $684.47 on Tuesday. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a market capitalization of $269.28 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The business’s fifty day simple moving average is $742.55 and its two-hundred day simple moving average is $871.93. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

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

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.82%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

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.