Caprock Group LLC Decreases Stock Holdings in ASML Holding (NASDAQ:ASML)

Caprock Group LLC lowered its stake in ASML Holding (NASDAQ:ASML) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,793 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Caprock Group LLC’s holdings in ASML were worth $3,994,000 as of its most recent filing with the SEC.

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

ASML Price Performance

Shares of ASML stock opened at $665.23 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The company has a market capitalization of $261.71 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. The firm’s 50-day moving average is $755.01 and its two-hundred day moving average is $880.41. ASML Holding has a 12 month low of $648.00 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. Analysts predict that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid 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 dividend payout ratio (DPR) is presently 29.21%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Sanford C. Bernstein dropped their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

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.