Thurston Springer Miller Herd & Titak Inc. Reduces Stock Position in ASML Holding N.V. $ASML

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in ASML Holding N.V. (NASDAQ:ASML) by 94.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101 shares of the semiconductor company’s stock after selling 1,711 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in ASML were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Princeton Global Asset Management LLC grew its holdings in shares of ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the last quarter. Binnacle Investments Inc boosted its position in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in ASML in the 2nd quarter worth about $30,000. Washington Trust Advisors Inc. grew its stake in ASML by 129.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 22 shares in the last quarter. Finally, Maseco LLP purchased a new position in shares of ASML during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 5.6%

Shares of NASDAQ:ASML opened at $1,015.43 on Thursday. The company has a market capitalization of $399.35 billion, a PE ratio of 41.33, a P/E/G ratio of 1.67 and a beta of 1.87. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,141.72. The business’s fifty day simple moving average is $1,042.84 and its 200-day simple moving average is $883.42.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $5.28 earnings per share. As a group, equities research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.80%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ASML shares. Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Evercore ISI reissued an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Redburn Partners set a $1,200.00 price objective on shares of ASML in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,171.83.

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.