Hardy Reed LLC Increases Stock Position in ASML Holding (NASDAQ:ASML)

Hardy Reed LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 515 shares of the semiconductor company’s stock after buying an additional 63 shares during the period. Hardy Reed LLC’s holdings in ASML were worth $429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bayesian Capital Management LP purchased a new stake in shares of ASML in the first quarter valued at $270,000. Tidal Investments LLC lifted its holdings in shares of ASML by 1.4% during the 1st quarter. Tidal Investments LLC now owns 3,368 shares of the semiconductor company’s stock worth $3,269,000 after acquiring an additional 45 shares during the period. Strategic Wealth Partners Ltd. acquired a new stake in shares of ASML in the first quarter worth approximately $206,000. LRI Investments LLC purchased a new stake in ASML in the first quarter valued at approximately $37,000. Finally, Sanibel Captiva Trust Company Inc. increased its position in ASML by 9.9% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 777 shares of the semiconductor company’s stock worth $754,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

ASML has been the subject of several research reports. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company cut their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein reduced 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. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Performance

Shares of ASML stock opened at $671.97 on Wednesday. The firm has a market capitalization of $264.37 billion, a P/E ratio of 35.18, a P/E/G ratio of 1.99 and a beta of 1.51. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The company’s fifty day moving average price is $739.87 and its two-hundred day moving average price is $870.11.

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. On average, research analysts anticipate that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors 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 0.84%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

ASML 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.