LPL Financial LLC Grows Position in ASML Holding (NASDAQ:ASML)

LPL Financial LLC lifted its position in ASML Holding (NASDAQ:ASML - Free Report) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,298 shares of the semiconductor company's stock after buying an additional 14,922 shares during the period. LPL Financial LLC's holdings in ASML were worth $120,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ASML Trading Up 0.1 %

ASML stock traded up $0.72 during mid-day trading on Friday, hitting $672.88. 1,275,596 shares of the company's stock were exchanged, compared to its average volume of 2,068,261. The company's 50 day simple moving average is $744.92 and its 200-day simple moving average is $874.05. The firm has a market capitalization of $264.72 billion, a P/E ratio of 35.23, a PEG ratio of 1.95 and a beta of 1.51. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts' consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, equities analysts anticipate that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Tuesday, October 29th. ASML's dividend payout ratio (DPR) is 29.21%.

Analysts Set New Price Targets

Several brokerages have recently commented on ASML. Barclays upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 30th. UBS Group lowered shares of ASML from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 4th. Berenberg Bank upgraded ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Susquehanna dropped their price objective on ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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. Three research 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's stock. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and an average 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.