W.G. Shaheen & Associates DBA Whitney & Co Sells 1,538 Shares of ASML Holding N.V. $ASML

W.G. Shaheen & Associates DBA Whitney & Co lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 14.2% during the 3rd quarter, Holdings Channel reports. The firm owned 9,273 shares of the semiconductor company’s stock after selling 1,538 shares during the quarter. ASML comprises approximately 1.2% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 22nd largest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in ASML were worth $16,799,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Abacus Wealth Partners LLC increased its holdings in ASML by 2.8% during the 3rd quarter. Abacus Wealth Partners LLC now owns 799 shares of the semiconductor company’s stock worth $1,448,000 after purchasing an additional 22 shares during the period. Flagship Wealth Advisors LLC lifted its holdings in shares of ASML by 134.1% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 96 shares of the semiconductor company’s stock worth $174,000 after buying an additional 55 shares during the period. United Advisor Group LLC lifted its holdings in shares of ASML by 7.2% in the 3rd quarter. United Advisor Group LLC now owns 1,755 shares of the semiconductor company’s stock worth $3,179,000 after buying an additional 118 shares during the period. Twin Peaks Capital Ltd lifted its holdings in shares of ASML by 100.0% in the 3rd quarter. Twin Peaks Capital Ltd now owns 6,000 shares of the semiconductor company’s stock worth $10,870,000 after buying an additional 3,000 shares during the period. Finally, Plancorp LLC bought a new position in shares of ASML during the 3rd quarter worth $578,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ASML. Weiss Ratings lowered ASML from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Monday, September 28th. Barclays reiterated an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Wells Fargo & Company raised their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $2,100.00 price target on shares of ASML in a report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,204.71.

ASML Stock Up 5.0%

ASML stock traded up $68.10 during mid-day trading on Friday, reaching $1,424.75. 1,902,471 shares of the company were exchanged, compared to its average volume of 1,583,467. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The firm has a market cap of $549.13 billion, a P/E ratio of 35.08, a PEG ratio of 0.63 and a beta of 1.80. The business has a fifty day moving average of $1,677.25 and a 200 day moving average of $1,599.85. ASML Holding N.V. has a 12-month low of $946.11 and a 12-month high of $1,999.96.

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

ASML Cuts Dividend

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

ASML Profile

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.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.