Elite Wealth Management Inc. Has $4.05 Million Stake in ASML Holding (NASDAQ:ASML)

Elite Wealth Management Inc. cut its position in ASML Holding (NASDAQ:ASML) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,865 shares of the semiconductor company’s stock after selling 106 shares during the quarter. ASML accounts for about 0.6% of Elite Wealth Management Inc.’s portfolio, making the stock its 17th largest holding. Elite Wealth Management Inc.’s holdings in ASML were worth $4,054,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on ASML shares. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna reduced their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Sanford C. Bernstein lowered their target price 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. Finally, JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Trading Down 0.2 %

NASDAQ ASML opened at $670.48 on Thursday. The stock has a market capitalization of $263.78 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.99 and a beta of 1.51. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The business has a 50 day simple moving average of $737.53 and a 200 day simple moving average of $868.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) 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. Research analysts expect that ASML Holding will post 20.68 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. Investors of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

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.