Telos Capital Management Inc. Has $7.81 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Telos Capital Management Inc. boosted its position in ASML Holding (NASDAQ:ASML) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,373 shares of the semiconductor company’s stock after acquiring an additional 685 shares during the period. Telos Capital Management Inc.’s holdings in ASML were worth $7,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV bought a new position in shares of ASML in the 2nd quarter valued at about $26,000. WD Rutherford LLC acquired a new position in ASML in the first quarter valued at approximately $29,000. Triad Wealth Partners LLC bought a new position in ASML in the second quarter valued at approximately $31,000. First Community Trust NA acquired a new stake in ASML during the 2nd quarter worth $34,000. Finally, POM Investment Strategies LLC bought a new stake in shares of ASML during the 2nd quarter valued at $36,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Sanford C. Bernstein reduced their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. lowered 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. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

Shares of NASDAQ ASML opened at $714.10 on Tuesday. The company has a fifty day moving average price of $831.66 and a 200 day moving average price of $913.99. The firm has a market cap of $281.78 billion, a PE ratio of 36.47, a PEG ratio of 2.08 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a 1-year low of $573.86 and a 1-year high of $1,110.09.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Investors of record on Tuesday, October 29th will be issued a dividend of $1.407 per share. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. ASML’s payout ratio is presently 28.70%.

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.