Hemenway Trust Co LLC Raises Stock Position in ASML Holding (NASDAQ:ASML)

Hemenway Trust Co LLC lifted its stake in ASML Holding (NASDAQ:ASML) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,161 shares of the semiconductor company’s stock after buying an additional 33 shares during the period. Hemenway Trust Co LLC’s holdings in ASML were worth $969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in ASML by 25.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,906 shares of the semiconductor company’s stock valued at $10,754,000 after buying an additional 2,652 shares during the last quarter. Rakuten Securities Inc. boosted its stake in ASML by 47.9% during the 3rd quarter. Rakuten Securities Inc. now owns 389 shares of the semiconductor company’s stock worth $324,000 after purchasing an additional 126 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in ASML by 857.4% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 21,312 shares of the semiconductor company’s stock worth $18,124,000 after purchasing an additional 19,086 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of ASML in the third quarter valued at about $1,462,000. Finally, Harbour Investments Inc. raised its holdings in shares of ASML by 4.3% in the third quarter. Harbour Investments Inc. now owns 415 shares of the semiconductor company’s stock valued at $346,000 after buying an additional 17 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ASML shares. Susquehanna dropped their price target 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. Wells Fargo & Company cut their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three equities 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Trading Up 0.5 %

Shares of ASML stock traded up $3.19 during mid-day trading on Tuesday, hitting $674.50. 135,349 shares of the company’s stock were exchanged, compared to its average volume of 1,410,032. The stock has a market cap of $265.36 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 1.93 and a beta of 1.51. The stock has a 50-day simple moving average of $766.92 and a two-hundred day simple moving average of $887.91. ASML Holding has a fifty-two week low of $648.27 and a fifty-two week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Equities analysts expect that ASML Holding will post 20.77 EPS for the current fiscal 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 paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

ASML 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.