Boussard & Gavaudan Investment Management LLP Buys New Position in ASML Holding (NASDAQ:ASML)

Boussard & Gavaudan Investment Management LLP acquired a new position in ASML Holding (NASDAQ:ASML) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 265 shares of the semiconductor company’s stock, valued at approximately $220,000.

Other hedge funds have also bought and sold shares of the company. Taurus Asset Management LLC bought a new stake in ASML during the 3rd quarter worth approximately $16,994,000. Stockman Wealth Management Inc. increased its stake in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares in the last quarter. US Bancorp DE lifted its stake in shares of ASML by 7.5% during the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 3,321 shares in the last quarter. Principal Financial Group Inc. increased its stake in ASML by 104.4% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after buying an additional 3,580 shares in the last quarter. Finally, Vantage Investment Partners LLC raised its holdings in ASML by 8.5% during the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock valued at $28,970,000 after acquiring an additional 2,736 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $670.48 on Thursday. The firm has a fifty day simple moving average of $737.53 and a two-hundred day simple moving average of $868.72. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $263.78 billion, a P/E ratio of 35.10, a PEG ratio of 1.99 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, topping the consensus estimate 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 analyst estimates of $7.66 billion. On average, analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.84%. ASML’s payout ratio is presently 29.21%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ASML shares. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company reduced their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, Sanford C. Bernstein reduced their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Three 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’s stock. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus target price of $970.60.

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.