International Assets Investment Management LLC Has $645,000 Position in ASML Holding (NASDAQ:ASML)

International Assets Investment Management LLC trimmed its stake in shares of ASML Holding (NASDAQ:ASML) by 99.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 921 shares of the semiconductor company’s stock after selling 490,697 shares during the quarter. International Assets Investment Management LLC’s holdings in ASML were worth $645,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ASML. Resources Management Corp CT ADV bought a new stake in ASML during the second quarter worth about $26,000. Fairway Wealth LLC bought a new stake in shares of ASML during the 3rd quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC increased its stake in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in ASML during the third quarter valued at approximately $43,000. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ASML shares. Susquehanna decreased their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company lowered their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $943.83.

ASML Stock Down 0.7 %

Shares of NASDAQ:ASML opened at $739.01 on Friday. The firm has a market cap of $290.74 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.07 and a beta of 1.47. The business has a fifty day simple moving average of $699.90 and a 200 day simple moving average of $808.96. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

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.