Daiwa Securities Group Inc. increased its position in ASML Holding (NASDAQ:ASML - Free Report) by 14.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,553 shares of the semiconductor company's stock after buying an additional 849 shares during the quarter. Daiwa Securities Group Inc.'s holdings in ASML were worth $5,460,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Hilltop National Bank increased its position in shares of ASML by 1.0% in the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company's stock worth $997,000 after acquiring an additional 10 shares in the last quarter. Valley National Advisers Inc. increased its stake in ASML by 1.1% in the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company's stock valued at $1,159,000 after buying an additional 12 shares during the period. Pure Financial Advisors LLC boosted its stake in shares of ASML by 2.8% during the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company's stock valued at $454,000 after buying an additional 12 shares during the period. First Pacific Financial grew its holdings in shares of ASML by 1.1% during the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company's stock valued at $1,146,000 after acquiring an additional 12 shares in the last quarter. Finally, RMR Wealth Builders lifted its holdings in shares of ASML by 0.6% during the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company's stock valued at $2,162,000 after buying an additional 12 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.
ASML Trading Down 1.8 %
Shares of ASML opened at $671.97 on Wednesday. The stock's 50-day moving average price is $739.87 and its 200 day moving average price is $870.11. 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 Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a market capitalization of $264.37 billion, a price-to-earnings ratio of 35.18, a P/E/G ratio of 1.99 and a beta of 1.51.
ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts' consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, research analysts predict that ASML Holding will post 20.68 earnings per share for the current year.
ASML Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given 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%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of ASML from $1,000.00 to $790.00 and set an "overweight" rating for the company in a research note on Thursday, October 17th. Morgan Stanley cut ASML from an "overweight" rating to an "equal weight" rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on ASML from $1,207.00 to $1,148.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, UBS Group cut shares of ASML from a "buy" rating to a "neutral" rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML has an average rating of "Moderate Buy" and an average target price of $970.60.
Check Out Our Latest Report on ASML
About ASML
(
Free Report)
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.
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