Western Pacific Wealth Management LP Boosts Holdings in ASML Holding (NASDAQ:ASML)

Western Pacific Wealth Management LP raised its stake in ASML Holding (NASDAQ:ASML) by 7.5% during the third quarter, Holdings Channel reports. The fund owned 331 shares of the semiconductor company’s stock after buying an additional 23 shares during the period. Western Pacific Wealth Management LP’s holdings in ASML were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASML. US Bancorp DE raised its holdings in ASML by 7.5% during the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after acquiring an additional 3,321 shares during the period. KP Management LLC increased its position in shares of ASML by 66.7% during the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 2,000 shares during the last quarter. Harvard Management Co. Inc. grew its position in ASML by 239.8% during the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after acquiring an additional 66,000 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in ASML by 97,001.7% in the third quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company’s stock worth $94,665,000 after purchasing an additional 113,492 shares during the last quarter. Finally, Pictet North America Advisors SA increased its stake in ASML by 15.0% in the 3rd quarter. Pictet North America Advisors SA now owns 5,929 shares of the semiconductor company’s stock worth $4,940,000 after purchasing an additional 773 shares during the period. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on ASML shares. Wells Fargo & Company reduced their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Sanford C. Bernstein lowered their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Up 2.4 %

ASML opened at $677.21 on Friday. The stock has a market cap of $266.43 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm’s fifty day moving average is $780.47 and its 200 day moving average is $892.54. ASML Holding has a fifty-two week low of $633.85 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, sell-side analysts forecast that ASML Holding will post 20.76 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend 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.