Synovus Financial Corp Has $396,000 Position in ASML Holding (NASDAQ:ASML)

Synovus Financial Corp grew its position in ASML Holding (NASDAQ:ASML) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 475 shares of the semiconductor company’s stock after purchasing an additional 22 shares during the period. Synovus Financial Corp’s holdings in ASML were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Resources Management Corp CT ADV bought a new position in ASML during the second quarter worth about $26,000. Fairway Wealth LLC acquired a new stake in shares of ASML during the third quarter worth about $25,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the 3rd quarter valued at about $28,000. POM Investment Strategies LLC bought a new position in shares of ASML during the 2nd quarter valued at about $36,000. Finally, Ridgewood Investments LLC acquired a new position in shares of ASML in the 2nd quarter valued at approximately $39,000. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

NASDAQ:ASML opened at $719.49 on Thursday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a market capitalization of $283.06 billion, a price-to-earnings ratio of 37.67, a P/E/G ratio of 2.07 and a beta of 1.49. The stock’s 50 day moving average price is $702.89 and its two-hundred day moving average price is $844.50. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, analysts anticipate that ASML Holding will post 20.68 earnings per share for the current 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 paid a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Wall Street Analyst Weigh In

Several research firms recently commented on ASML. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased 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 note on Thursday, October 17th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. 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 MarketBeat.com, the company presently has an average 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.