ASML Holding N.V. $ASML Stock Holdings Boosted by Paragon Advisors LLC

Paragon Advisors LLC lifted its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 7.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,879 shares of the semiconductor company’s stock after purchasing an additional 415 shares during the period. ASML makes up about 2.0% of Paragon Advisors LLC’s holdings, making the stock its 10th biggest position. Paragon Advisors LLC’s holdings in ASML were worth $10,650,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after purchasing an additional 592,125 shares during the period. Sei Investments Co. increased its stake in ASML by 223.7% in the 1st quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock worth $379,368,000 after purchasing an additional 198,505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ASML during the 3rd quarter worth about $311,859,000. Amundi raised its holdings in ASML by 498.0% during the 2nd quarter. Amundi now owns 156,791 shares of the semiconductor company’s stock worth $311,926,000 after buying an additional 130,573 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after buying an additional 96,860 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on ASML shares. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Wells Fargo & Company boosted their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Citigroup restated a “buy” rating on shares of ASML in a report on Thursday, October 15th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,204.71.

ASML Stock Performance

Shares of NASDAQ ASML opened at $1,424.75 on Monday. The business has a 50 day simple moving average of $1,677.25 and a 200 day simple moving average of $1,599.85. ASML Holding N.V. has a 52 week low of $946.11 and a 52 week high of $1,999.96. The stock has a market cap of $549.12 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 0.59 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. The firm had revenue of $13.27 billion for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. On average, research analysts predict that ASML Holding N.V. will post 46.54 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were paid a dividend of $2.1077 per share. This is a negative change from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date was Tuesday, October 27th. This represents a $8.43 annualized dividend and a dividend yield of 0.6%. ASML’s dividend payout ratio (DPR) is currently 17.53%.

ASML Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.

The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.