FFG Partners LLC Takes $341,000 Position in ASML Holding (NASDAQ:ASML)

FFG Partners LLC bought a new position in ASML Holding (NASDAQ:ASML) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 409 shares of the semiconductor company’s stock, valued at approximately $341,000. ASML accounts for about 0.1% of FFG Partners LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ASML. Fairway Wealth LLC acquired a new stake in shares of ASML in the third quarter valued at $25,000. Resources Management Corp CT ADV acquired a new position in shares of ASML in the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML in the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new stake in ASML during the second quarter valued at approximately $31,000. Finally, POM Investment Strategies LLC bought a new stake in ASML during the second quarter worth approximately $36,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Up 1.6 %

ASML stock traded up $11.70 during mid-day trading on Friday, hitting $724.80. The stock had a trading volume of 247,078 shares, compared to its average volume of 1,445,647. The stock has a market capitalization of $285.15 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.07 and a beta of 1.49. 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 Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The company has a fifty day moving average of $711.39 and a 200 day moving average of $852.09.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. On average, equities analysts expect that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued 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 yield of 0.78%. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASML. Susquehanna cut their price objective on 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. Sanford C. Bernstein decreased their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $943.83.

About ASML

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.