Eventide Asset Management LLC Purchases 3,062 Shares of ASML Holding (NASDAQ:ASML)

Eventide Asset Management LLC lifted its position in shares of ASML Holding (NASDAQ:ASML) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,176 shares of the semiconductor company’s stock after purchasing an additional 3,062 shares during the quarter. Eventide Asset Management LLC’s holdings in ASML were worth $52,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in ASML in the third quarter worth $25,000. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter worth $26,000. Milestone Investment Advisors LLC bought a new stake in ASML in the third quarter worth $28,000. Triad Wealth Partners LLC bought a new stake in ASML in the second quarter worth $31,000. Finally, First Community Trust NA bought a new stake in ASML in the second quarter worth $34,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Down 0.2 %

ASML stock opened at $670.48 on Friday. The stock has a market cap of $263.78 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The stock has a fifty day moving average of $734.37 and a 200 day moving average of $867.34.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion during 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%. As a group, sell-side analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

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

Analyst Ratings Changes

ASML has been the topic of several analyst reports. Sanford C. Bernstein dropped their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $961.00.

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.