Victory Capital Management Inc. grew its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,497 shares of the semiconductor company's stock after buying an additional 1,166 shares during the period. Victory Capital Management Inc.'s holdings in ASML were worth $35,411,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC increased its stake in ASML by 81.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 638 shares of the semiconductor company's stock worth $532,000 after acquiring an additional 286 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of ASML by 4.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 3,365 shares of the semiconductor company's stock worth $2,804,000 after purchasing an additional 155 shares during the last quarter. Hemenway Trust Co LLC raised its stake in ASML by 2.9% in the third quarter. Hemenway Trust Co LLC now owns 1,161 shares of the semiconductor company's stock valued at $969,000 after purchasing an additional 33 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in ASML by 25.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,906 shares of the semiconductor company's stock valued at $10,754,000 after purchasing an additional 2,652 shares during the last quarter. Finally, Rakuten Securities Inc. grew its stake in ASML by 47.9% in the 3rd quarter. Rakuten Securities Inc. now owns 389 shares of the semiconductor company's stock worth $324,000 after buying an additional 126 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on ASML shares. Morgan Stanley downgraded ASML from an "overweight" rating to an "equal weight" rating in a research report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective 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. Wells Fargo & Company cut their target price on ASML from $1,000.00 to $790.00 and set an "overweight" rating for the company in a research note on Thursday, October 17th. UBS Group downgraded shares of ASML from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 4th. Finally, Sanford C. Bernstein cut their price objective on shares of ASML from $1,052.00 to $815.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $970.60.
Check Out Our Latest Stock Report on ASML
ASML Stock Performance
ASML stock traded down $34.33 during trading on Friday, reaching $658.63. The company had a trading volume of 3,063,214 shares, compared to its average volume of 2,121,871. The firm has a market capitalization of $259.12 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm's 50-day simple moving average is $756.70 and its 200 day simple moving average is $881.65. ASML Holding has a 52 week low of $654.77 and a 52 week high of $1,110.09.
ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share 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 business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. Sell-side analysts forecast that ASML Holding will post 20.77 earnings per share for the current fiscal 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 issued a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.85%. ASML's dividend payout ratio is currently 29.21%.
ASML Profile
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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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