CreativeOne Wealth LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

CreativeOne Wealth LLC raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 85.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,370 shares of the semiconductor company’s stock after buying an additional 631 shares during the period. CreativeOne Wealth LLC’s holdings in ASML were worth $1,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ASML. LRI Investments LLC purchased a new stake in shares of ASML during the first quarter valued at $37,000. Cetera Investment Advisers lifted its holdings in ASML by 169.4% during the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after buying an additional 14,682 shares in the last quarter. Cetera Advisors LLC boosted its position in ASML by 78.5% in the 1st quarter. Cetera Advisors LLC now owns 9,452 shares of the semiconductor company’s stock valued at $9,173,000 after buying an additional 4,156 shares during the period. DekaBank Deutsche Girozentrale grew its stake in ASML by 19.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 237 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 39 shares in the last quarter. Finally, Old Port Advisors increased its position in shares of ASML by 9.2% during the first quarter. Old Port Advisors now owns 381 shares of the semiconductor company’s stock worth $370,000 after acquiring an additional 32 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ASML shares. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $961.00.

ASML Stock Performance

Shares of ASML stock opened at $686.61 on Friday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The business’s fifty day simple moving average is $732.20 and its 200-day simple moving average is $865.74. 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 company has a market cap of $270.13 billion, a PE ratio of 35.95, a PEG ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio 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.