LCM Capital Management Inc Raises Stock Holdings in ASML Holding (NASDAQ:ASML)

LCM Capital Management Inc increased its position in ASML Holding (NASDAQ:ASML) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 558 shares of the semiconductor company’s stock after acquiring an additional 26 shares during the quarter. LCM Capital Management Inc’s holdings in ASML were worth $465,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ASML. Resources Management Corp CT ADV purchased a new position in shares of ASML during the 2nd quarter valued at $26,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the second quarter worth about $31,000. First Community Trust NA purchased a new stake in shares of ASML during the second quarter worth about $34,000. POM Investment Strategies LLC purchased a new position in ASML in the 2nd quarter worth approximately $36,000. Finally, LRI Investments LLC bought a new position in ASML in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML stock opened at $672.55 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The stock has a 50 day moving average price of $798.17 and a 200-day moving average price of $899.57. The stock has a market cap of $264.60 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. ASML Holding has a one year low of $593.56 and a one year high of $1,110.09.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be issued 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 yield of 0.84%. ASML’s payout ratio is 29.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ASML. Sanford C. Bernstein lowered 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. JPMorgan Chase & Co. reduced their target price 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. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

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.