Jennison Associates LLC Trims Stake in ASML Holding (NASDAQ:ASML)

Jennison Associates LLC lowered its holdings in ASML Holding (NASDAQ:ASML) by 12.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,464,584 shares of the semiconductor company’s stock after selling 209,538 shares during the quarter. Jennison Associates LLC owned 0.37% of ASML worth $1,220,364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC purchased a new stake in shares of ASML in the 3rd quarter valued at $28,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the 2nd quarter valued at $31,000. Finally, First Community Trust NA purchased a new stake in shares of ASML in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Down 0.5 %

ASML stock opened at $662.16 on Wednesday. ASML Holding has a fifty-two week low of $648.00 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The company has a market capitalization of $260.51 billion, a P/E ratio of 34.67, a PEG ratio of 1.90 and a beta of 1.51. The stock has a 50-day simple moving average of $753.23 and a 200-day simple moving average of $878.72.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts expect that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is currently 29.21%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML 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.