Hemenway Trust Co LLC Raises Stake in ASML Holding (NASDAQ:ASML)

Hemenway Trust Co LLC boosted its holdings in ASML Holding (NASDAQ:ASML) by 2.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,161 shares of the semiconductor company’s stock after buying an additional 33 shares during the period. Hemenway Trust Co LLC’s holdings in ASML were worth $969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its holdings in shares of ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after acquiring an additional 870,010 shares in the last quarter. Fayez Sarofim & Co purchased a new stake in shares of ASML in the first quarter worth about $542,710,000. International Assets Investment Management LLC grew its stake in shares of ASML by 94,079.7% in the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after buying an additional 491,096 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after buying an additional 474,653 shares in the last quarter. Finally, GQG Partners LLC raised its holdings in shares of ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Sanford C. Bernstein decreased their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three equities research 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 MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Up 0.5 %

NASDAQ ASML traded up $3.19 on Tuesday, hitting $674.50. 135,349 shares of the stock traded hands, compared to its average volume of 1,410,032. 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 stock has a 50-day moving average of $766.92 and a 200 day moving average of $887.91. ASML Holding has a twelve month low of $648.27 and a twelve month high of $1,110.09. The company has a market capitalization of $265.36 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, analysts expect that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.21%.

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.