Cable Hill Partners LLC Boosts Stock Position in ASML Holding (NASDAQ:ASML)

Cable Hill Partners LLC raised its holdings in ASML Holding (NASDAQ:ASML) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,015 shares of the semiconductor company’s stock after purchasing an additional 36 shares during the quarter. Cable Hill Partners LLC’s holdings in ASML were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Stockman Wealth Management Inc. increased its holdings in ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares during the last quarter. US Bancorp DE increased its stake in shares of ASML by 7.5% during the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock worth $39,664,000 after purchasing an additional 3,321 shares during the last quarter. Vantage Investment Partners LLC raised its holdings in shares of ASML by 8.5% in the 3rd quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after purchasing an additional 2,736 shares during the period. KP Management LLC lifted its stake in ASML by 66.7% in the second 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. Finally, Harvard Management Co. Inc. grew its holdings 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 purchasing an additional 66,000 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ASML. Susquehanna lowered their target price 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 shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein reduced their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

NASDAQ ASML opened at $673.41 on Thursday. The company’s 50 day simple moving average is $763.40 and its two-hundred day simple moving average is $886.15. The stock has a market capitalization of $264.93 billion, a PE ratio of 35.26, a P/E/G ratio of 1.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a 1 year low of $654.77 and a 1 year high of $1,110.09.

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, beating the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Analysts predict that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

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.