IHT Wealth Management LLC Buys 302 Shares of ASML Holding (NASDAQ:ASML)

IHT Wealth Management LLC raised its stake in ASML Holding (NASDAQ:ASML) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,373 shares of the semiconductor company’s stock after acquiring an additional 302 shares during the period. IHT Wealth Management LLC’s holdings in ASML were worth $1,139,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its holdings in shares of ASML by 19.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 237 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 39 shares during the last quarter. CWM LLC boosted its position in ASML by 3.7% in the second quarter. CWM LLC now owns 1,939 shares of the semiconductor company’s stock valued at $1,983,000 after buying an additional 70 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in ASML by 19.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 283 shares of the semiconductor company’s stock worth $289,000 after buying an additional 46 shares during the last quarter. Lantz Financial LLC acquired a new stake in shares of ASML during the second quarter worth approximately $216,000. Finally, Capital Investment Advisors LLC raised its stake in shares of ASML by 13.4% in the second quarter. Capital Investment Advisors LLC now owns 398 shares of the semiconductor company’s stock valued at $407,000 after acquiring an additional 47 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ASML shares. Sanford C. Bernstein decreased their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday. They issued an “outperform” rating and a $858.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Stock Performance

Shares of ASML stock opened at $711.50 on Friday. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market capitalization of $279.92 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.08 and a beta of 1.49. The firm has a fifty day moving average of $723.66 and a two-hundred day moving average of $859.93.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities research 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. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is presently 29.21%.

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.