FFG Partners LLC Buys New Stake in ASML Holding (NASDAQ:ASML)

FFG Partners LLC bought a new position in shares of ASML Holding (NASDAQ:ASML) in the third quarter, HoldingsChannel.com reports. The firm bought 409 shares of the semiconductor company’s stock, valued at approximately $341,000. ASML comprises about 0.1% of FFG Partners LLC’s portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pure Financial Advisors LLC grew its position 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 worth $454,000 after buying an additional 12 shares during the period. First Pacific Financial grew its holdings in ASML by 1.1% during the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 12 shares during the period. RMR Wealth Builders raised its position 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 acquiring an additional 12 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of ASML by 1.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 844 shares of the semiconductor company’s stock valued at $863,000 after purchasing an additional 12 shares during the period. Finally, Armstrong Advisory Group Inc. grew its stake in shares of ASML by 24.5% during the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 12 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Trading Up 1.6 %

ASML stock traded up $11.70 during trading on Friday, hitting $724.80. The company had a trading volume of 247,078 shares, compared to its average volume of 1,445,647. The stock has a market cap of $285.15 billion, a PE ratio of 37.34, a PEG ratio of 2.07 and a beta of 1.49. The business has a 50-day moving average of $711.39 and a 200-day moving average of $852.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last issued 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 return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Research analysts predict that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.78%. ASML’s dividend payout ratio is currently 29.21%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASML. Sanford C. Bernstein cut their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Wells Fargo & Company reduced their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas started coverage on shares of ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, ten 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 stock currently has an average rating of “Moderate Buy” and an average target price of $943.83.

About ASML

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.