B. Riley Wealth Advisors Inc. Has $4.98 Million Holdings in ASML Holding (NASDAQ:ASML)

B. Riley Wealth Advisors Inc. increased its holdings in shares of ASML Holding (NASDAQ:ASML) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,977 shares of the semiconductor company’s stock after purchasing an additional 164 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in ASML were worth $4,980,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BNP Paribas started coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lowered their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Wells Fargo & Company cut their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Trading Up 0.8 %

Shares of NASDAQ:ASML opened at $718.58 on Friday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The business has a 50 day moving average of $709.10 and a 200-day moving average of $849.45. 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 stock has a market cap of $282.71 billion, a PE ratio of 37.62, a P/E/G ratio of 2.07 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, equities research analysts forecast that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given 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 is 29.21%.

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.