Rossmore Private Capital Boosts Holdings in ASML Holding (NASDAQ:ASML)

Rossmore Private Capital raised its holdings in ASML Holding (NASDAQ:ASML) by 3.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,200 shares of the semiconductor company’s stock after acquiring an additional 42 shares during the period. Rossmore Private Capital’s holdings in ASML were worth $1,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stockman Wealth Management Inc. lifted its stake in shares of ASML by 7.2% in the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares in the last quarter. US Bancorp DE lifted its stake in shares of ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after purchasing an additional 3,321 shares in the last quarter. KP Management LLC lifted its stake in shares of ASML by 66.7% in 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 in the last quarter. Harvard Management Co. Inc. lifted its stake in shares of ASML by 239.8% in the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after purchasing an additional 66,000 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of ASML in the 3rd quarter valued at about $1,372,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $669.18 on Wednesday. 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 Holding has a 52-week low of $648.27 and a 52-week high of $1,110.09. The stock’s 50 day moving average is $763.40 and its two-hundred day moving average is $886.15. The company has a market capitalization of $263.27 billion, a PE ratio of 35.04, a P/E/G ratio of 1.94 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. Analysts predict that ASML Holding will post 20.77 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 was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.84%. ASML’s dividend payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASML. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Susquehanna reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, UBS Group lowered 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, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Company 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.