Atlantic Union Bankshares Corp Cuts Position in ASML Holding (NASDAQ:ASML)

Atlantic Union Bankshares Corp decreased its holdings in ASML Holding (NASDAQ:ASML) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,119 shares of the semiconductor company’s stock after selling 339 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in ASML were worth $3,432,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the second quarter valued at 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.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target 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. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna reduced their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company dropped their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $961.00.

ASML Stock Performance

Shares of ASML stock opened at $686.61 on Friday. The business has a 50-day simple moving average of $732.20 and a 200-day simple moving average of $865.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The company has a market cap of $270.13 billion, a PE ratio of 35.95, a P/E/G ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping 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 company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. On average, equities research analysts forecast that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

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