Aigen Investment Management LP Trims Stake in ASML Holding (NASDAQ:ASML)

Aigen Investment Management LP lessened its position in ASML Holding (NASDAQ:ASML) by 32.3% in the third quarter, HoldingsChannel reports. The firm owned 445 shares of the semiconductor company’s stock after selling 212 shares during the quarter. Aigen Investment Management LP’s holdings in ASML were worth $371,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ASML. Prime Capital Investment Advisors LLC boosted its holdings in shares of ASML by 4.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,365 shares of the semiconductor company’s stock valued at $2,804,000 after buying an additional 155 shares in the last quarter. Hemenway Trust Co LLC boosted its stake in ASML by 2.9% during the third quarter. Hemenway Trust Co LLC now owns 1,161 shares of the semiconductor company’s stock worth $969,000 after acquiring an additional 33 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in ASML by 25.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,906 shares of the semiconductor company’s stock worth $10,754,000 after purchasing an additional 2,652 shares during the period. Rakuten Securities Inc. increased its stake in shares of ASML by 47.9% during the third quarter. Rakuten Securities Inc. now owns 389 shares of the semiconductor company’s stock valued at $324,000 after purchasing an additional 126 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of ASML by 857.4% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,312 shares of the semiconductor company’s stock valued at $18,124,000 after purchasing an additional 19,086 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

Shares of NASDAQ ASML opened at $692.96 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $760.64 and its 200-day moving average price is $884.66. ASML Holding has a 52-week low of $654.77 and a 52-week high of $1,110.09. The company has a market cap of $272.62 billion, a PE ratio of 37.10, a PEG ratio of 1.93 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, analysts anticipate that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein cut their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.