Pathstone Holdings LLC Purchases 1,284 Shares of ASML Holding (NASDAQ:ASML)

Pathstone Holdings LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,785 shares of the semiconductor company’s stock after acquiring an additional 1,284 shares during the period. Pathstone Holdings LLC’s holdings in ASML were worth $23,985,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ASML. Mercer Global Advisors Inc. ADV increased its holdings in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after purchasing an additional 870,010 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after buying an additional 491,096 shares during the period. Van ECK Associates Corp increased its stake in shares of ASML by 37.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after acquiring an additional 474,653 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after acquiring an additional 243,850 shares during the period. Finally, Captrust Financial Advisors boosted its stake in ASML by 213.5% during the first quarter. Captrust Financial Advisors now owns 289,944 shares of the semiconductor company’s stock worth $281,382,000 after acquiring an additional 197,453 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

NASDAQ ASML opened at $662.16 on Wednesday. The company has a market cap of $260.51 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $753.23 and its two-hundred day simple moving average is $878.72. ASML Holding has a 52 week low of $648.00 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Research analysts predict that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors 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 dividend on an annualized basis and a yield of 0.85%. ASML’s dividend payout ratio (DPR) is 29.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ASML shares. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein lowered their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average price target 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.