Wedmont Private Capital Acquires 54 Shares of ASML Holding (NASDAQ:ASML)

Wedmont Private Capital lifted its holdings in shares of ASML Holding (NASDAQ:ASML) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,116 shares of the semiconductor company’s stock after acquiring an additional 54 shares during the quarter. Wedmont Private Capital’s holdings in ASML were worth $912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fisher Asset Management LLC boosted its stake in shares of ASML by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock worth $3,760,348,000 after acquiring an additional 95,795 shares during the period. Jennison Associates LLC boosted its stake in shares of ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares during the period. GQG Partners LLC boosted its stake in shares of ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the period. Van ECK Associates Corp boosted its stake in ASML by 15.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after purchasing an additional 170,992 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in ASML by 18.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after purchasing an additional 194,357 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ASML shares. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced their price target on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,111.80.

ASML Stock Down 1.4 %

NASDAQ ASML opened at $833.97 on Friday. The business has a fifty day moving average price of $845.34 and a two-hundred day moving average price of $926.19. The stock has a market capitalization of $329.08 billion, a PE ratio of 42.59, a PEG ratio of 1.97 and a beta of 1.48. ASML Holding has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the company earned $5.37 EPS. ASML’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts expect that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.90%. ASML’s payout ratio is 28.50%.

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.