Private Trust Co. NA Increases Stake in ASML Holding (NASDAQ:ASML)

Private Trust Co. NA raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 64.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859 shares of the semiconductor company’s stock after acquiring an additional 338 shares during the quarter. Private Trust Co. NA’s holdings in ASML were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ASML. Fairway Wealth LLC bought a new stake in ASML during the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML during the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC bought a new position in ASML in the 3rd quarter worth $28,000. Triad Wealth Partners LLC purchased a new stake in ASML in the 2nd quarter worth $31,000. Finally, First Community Trust NA purchased a new stake in ASML in the 2nd quarter worth $34,000. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ASML. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein dropped their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. JPMorgan Chase & Co. reduced their price objective on shares of 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. Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $671.97 on Wednesday. The firm has a fifty day simple moving average of $739.87 and a two-hundred day simple moving average of $870.11. 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 stock has a market capitalization of $264.37 billion, a P/E ratio of 35.18, a PEG ratio of 1.95 and a beta of 1.51. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, analysts expect that ASML Holding will post 20.68 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. Investors of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. ASML’s dividend payout ratio is presently 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.