Cerity Partners LLC Buys 7,405 Shares of ASML Holding (NASDAQ:ASML)

Cerity Partners LLC increased its stake in shares of ASML Holding (NASDAQ:ASML) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,195 shares of the semiconductor company’s stock after acquiring an additional 7,405 shares during the quarter. Cerity Partners LLC’s holdings in ASML were worth $33,492,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the 2nd quarter valued at about $26,000. Triad Wealth Partners LLC acquired a new position in shares of ASML during the second quarter worth approximately $31,000. Fairway Wealth LLC bought a new position in shares of ASML in the 3rd quarter worth $25,000. First Community Trust NA acquired a new stake in ASML in the 2nd quarter valued at $34,000. Finally, Milestone Investment Advisors LLC bought a new stake in ASML during the 3rd quarter valued at $28,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Up 0.1 %

ASML stock opened at $672.88 on Monday. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The stock has a market cap of $264.73 billion, a P/E ratio of 35.23, a P/E/G ratio of 1.95 and a beta of 1.51. The stock’s fifty day simple moving average is $744.92 and its two-hundred day simple moving average is $873.54. The company has a current ratio of 1.55, a quick ratio of 0.84 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 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 company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. Analysts expect that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. ASML’s payout ratio is currently 29.21%.

Analysts Set New Price Targets

ASML has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Susquehanna decreased their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.