NorthCrest Asset Manangement LLC Grows Holdings in ASML Holding (NASDAQ:ASML)

NorthCrest Asset Manangement LLC boosted its holdings in shares of ASML Holding (NASDAQ:ASML) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,539 shares of the semiconductor company’s stock after acquiring an additional 85 shares during the period. NorthCrest Asset Manangement LLC’s holdings in ASML were worth $3,782,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Hilltop National Bank boosted its position in shares of ASML by 1.0% in the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after purchasing an additional 10 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of ASML by 1.1% in the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after acquiring an additional 12 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in shares of ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after acquiring an additional 12 shares in the last quarter. First Pacific Financial raised its position in shares of ASML by 1.1% in the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after purchasing an additional 12 shares during the last quarter. Finally, RMR Wealth Builders boosted its stake in ASML by 0.6% in the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock worth $2,162,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.1 %

ASML stock opened at $711.70 on Friday. The company has a market cap of $280.83 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 2.08 and a beta of 1.48. 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 business’s 50-day moving average is $816.78 and its two-hundred day moving average is $906.89. ASML Holding has a fifty-two week low of $582.48 and a fifty-two week high of $1,110.09.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be paid a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.70%.

Analysts Set New Price Targets

ASML has been the subject of a number of analyst reports. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company lowered their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target 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.