Raymond James & Associates Has $172.94 Million Stake in ASML Holding (NASDAQ:ASML)

Raymond James & Associates lifted its position in ASML Holding (NASDAQ:ASML) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,552 shares of the semiconductor company’s stock after purchasing an additional 5,407 shares during the quarter. Raymond James & Associates’ holdings in ASML were worth $172,943,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Slow Capital Inc. boosted its holdings in ASML by 2.6% in the third quarter. Slow Capital Inc. now owns 4,248 shares of the semiconductor company’s stock valued at $3,540,000 after acquiring an additional 109 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake in ASML by 14.2% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 56,458 shares of the semiconductor company’s stock valued at $47,044,000 after buying an additional 7,019 shares during the period. Blue Trust Inc. lifted its stake in ASML by 1.2% in the third quarter. Blue Trust Inc. now owns 2,578 shares of the semiconductor company’s stock valued at $2,148,000 after buying an additional 31 shares during the period. West Oak Capital LLC lifted its stake in ASML by 12.8% in the third quarter. West Oak Capital LLC now owns 2,483 shares of the semiconductor company’s stock valued at $2,069,000 after buying an additional 281 shares during the period. Finally, Generate Investment Management Ltd lifted its stake in ASML by 248.0% in the third quarter. Generate Investment Management Ltd now owns 27,621 shares of the semiconductor company’s stock valued at $23,015,000 after buying an additional 19,683 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Up 3.2 %

Shares of ASML stock opened at $723.26 on Friday. The firm has a market capitalization of $285.39 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $834.43 and its 200 day moving average is $916.12. ASML Holding has a 1 year low of $573.86 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the firm posted $5.37 EPS. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. Equities research analysts forecast that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, November 17th. Investors of record on Tuesday, October 29th will be given a dividend of $1.407 per share. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.78%. ASML’s payout ratio is presently 28.50%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ASML shares. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced 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 report on Thursday. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Susquehanna dropped their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Three investment 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. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,018.00.

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.