Pinnacle Financial Partners Inc Sells 189 Shares of ASML Holding (NASDAQ:ASML)

Pinnacle Financial Partners Inc lessened its holdings in ASML Holding (NASDAQ:ASML) by 15.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,070 shares of the semiconductor company’s stock after selling 189 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in ASML were worth $892,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in shares of ASML during the 3rd quarter valued at approximately $25,000. Resources Management Corp CT ADV acquired a new position in shares of ASML during the 2nd quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML during the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC purchased a new stake in ASML in the second quarter valued at $31,000. Finally, First Community Trust NA purchased a new position in ASML during the second quarter worth about $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

ASML stock opened at $692.96 on Friday. The stock has a 50 day moving average of $760.64 and a 200-day moving average of $884.66. ASML Holding has a 52 week low of $654.77 and a 52 week high of $1,110.09. The stock has a market cap of $272.62 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last issued its 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. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, analysts expect that ASML Holding will post 20.77 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 given a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.81%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ASML shares. Sanford C. Bernstein dropped their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three 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’s stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Company 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.