Logan Capital Management Inc. Has $5.75 Million Stock Position in ASML Holding (NASDAQ:ASML)

Logan Capital Management Inc. reduced its position in ASML Holding (NASDAQ:ASML) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,906 shares of the semiconductor company’s stock after selling 558 shares during the period. Logan Capital Management Inc.’s holdings in ASML were worth $5,754,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Resources Management Corp CT ADV acquired a new stake in ASML during the 2nd quarter valued at $26,000. Triad Wealth Partners LLC acquired a new position in ASML during the second quarter valued at $31,000. Fairway Wealth LLC purchased a new stake in ASML in the 3rd quarter worth about $25,000. Milestone Investment Advisors LLC purchased a new stake in ASML in the 3rd quarter worth about $28,000. Finally, POM Investment Strategies LLC acquired a new stake in ASML during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company cut their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Stock Up 1.6 %

NASDAQ ASML traded up $11.70 during trading on Friday, hitting $724.80. 247,078 shares of the company traded hands, compared to its average volume of 1,445,647. The company has a market capitalization of $285.15 billion, a P/E ratio of 37.34, a PEG ratio of 2.07 and a beta of 1.49. The business has a fifty day simple moving average of $711.39 and a 200 day simple moving average of $852.09. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. 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 (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share 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 firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. As a group, sell-side analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company 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 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.

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.