Nvest Financial LLC Has $620,000 Stock Position in ASML Holding (NASDAQ:ASML)

Nvest Financial LLC lifted its holdings in ASML Holding (NASDAQ:ASML) by 80.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 745 shares of the semiconductor company’s stock after acquiring an additional 332 shares during the period. Nvest Financial LLC’s holdings in ASML were worth $620,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. KP Management LLC lifted its position in ASML by 66.7% during the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 2,000 shares during the period. Harvard Management Co. Inc. boosted its position in shares of ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after acquiring an additional 66,000 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in ASML by 41.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after acquiring an additional 1,007 shares during the last quarter. Point72 DIFC Ltd raised its position in ASML by 122.1% during the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $6,560,000 after purchasing an additional 3,527 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after purchasing an additional 14,682 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Trading Up 0.9 %

ASML stock traded up $7.31 during mid-day trading on Friday, reaching $841.28. The company’s stock had a trading volume of 599,616 shares, compared to its average volume of 1,245,252. The company has a market cap of $330.98 billion, a price-to-earnings ratio of 45.52, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. ASML Holding has a 12 month low of $573.86 and a 12 month high of $1,110.09. The business’s 50 day moving average price is $844.34 and its 200 day moving average price is $925.55. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.37 EPS. On average, equities research analysts predict that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.89%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s payout ratio is presently 30.17%.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of research analyst reports. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday. Three equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,071.80.

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.