Chevy Chase Trust Holdings LLC Cuts Position in ASML Holding (NASDAQ:ASML)

Chevy Chase Trust Holdings LLC lessened its holdings in ASML Holding (NASDAQ:ASML) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,217 shares of the semiconductor company’s stock after selling 6,300 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in ASML were worth $85,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. Carnegie Investment Counsel lifted its stake in shares of ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 868 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of ASML in the fourth quarter worth approximately $1,174,000. Taurus Asset Management LLC bought a new position in shares of ASML in the third quarter worth approximately $16,994,000. State Street Corp lifted its stake in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after buying an additional 7,010 shares in the last quarter. Finally, Stockman Wealth Management Inc. lifted its stake in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 2.8 %

Shares of ASML stock opened at $776.99 on Friday. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The stock has a market cap of $305.68 billion, a P/E ratio of 37.36, a P/E/G ratio of 1.63 and a beta of 1.47. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $727.20 and a two-hundred day simple moving average of $764.22.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, research analysts expect that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be issued a dividend of $1.5855 per share. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Tuesday, February 11th. ASML’s dividend payout ratio is currently 26.83%.

Wall Street Analyst Weigh In

ASML has been the topic of several analyst reports. Sanford C. Bernstein dropped their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Wells Fargo & Company upped their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $937.00.

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.