Capital Market Strategies LLC Buys New Position in ASML Holding (NASDAQ:ASML)

Capital Market Strategies LLC acquired a new position in ASML Holding (NASDAQ:ASML) in the fourth quarter, HoldingsChannel reports. The firm acquired 1,149 shares of the semiconductor company’s stock, valued at approximately $796,000.

Other institutional investors have also added to or reduced their stakes in the company. Lantz Financial LLC purchased a new stake in shares of ASML in the 2nd quarter worth about $216,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ASML by 53.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 360 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 125 shares in the last quarter. Rhumbline Advisers increased its holdings in ASML by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 7,738 shares of the semiconductor company’s stock worth $7,914,000 after acquiring an additional 100 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of ASML by 4.9% during the 2nd quarter. Victory Capital Management Inc. now owns 41,331 shares of the semiconductor company’s stock valued at $42,270,000 after buying an additional 1,924 shares in the last quarter. Finally, Umpqua Bank boosted its stake in shares of ASML by 105.1% in the second quarter. Umpqua Bank now owns 601 shares of the semiconductor company’s stock worth $615,000 after acquiring an additional 308 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

ASML stock traded up $56.50 during trading on Monday, reaching $770.86. 1,833,328 shares of the company were exchanged, compared to its average volume of 1,328,780. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a market cap of $303.27 billion, a P/E ratio of 40.36, a PEG ratio of 2.07 and a beta of 1.47. The stock’s 50 day moving average price is $693.93 and its 200 day moving average price is $815.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, analysts predict that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders 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 0.73%. ASML’s dividend payout ratio is presently 29.21%.

Analyst Ratings Changes

ASML has been the topic of several recent research reports. Wells Fargo & Company decreased their target price 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. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $943.83.

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.