King Luther Capital Management Corp Buys 68 Shares of ASML Holding (NASDAQ:ASML)

King Luther Capital Management Corp increased its stake in shares of ASML Holding (NASDAQ:ASML) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,121 shares of the semiconductor company’s stock after purchasing an additional 68 shares during the quarter. King Luther Capital Management Corp’s holdings in ASML were worth $934,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ASML. Taurus Asset Management LLC purchased a new position in ASML in the third quarter worth $16,994,000. Stockman Wealth Management Inc. increased its position in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after buying an additional 1,032 shares in the last quarter. US Bancorp DE raised its stake in ASML by 7.5% in the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 3,321 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in ASML by 104.4% in the third quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Vantage Investment Partners LLC grew its stake in shares of ASML by 8.5% during the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after acquiring an additional 2,736 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.1 %

Shares of ASML opened at $672.88 on Friday. The stock’s 50-day moving average price is $744.92 and its 200-day moving average price is $873.81. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $264.73 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 1.95 and a beta of 1.51. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, sell-side analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is currently 29.21%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASML. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna dropped their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Sanford C. Bernstein dropped their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

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.