Empowered Funds LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

Empowered Funds LLC increased its position in shares of ASML Holding (NASDAQ:ASML) by 9.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,023 shares of the semiconductor company’s stock after buying an additional 1,082 shares during the quarter. Empowered Funds LLC’s holdings in ASML were worth $10,851,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ASML. Signature Estate & Investment Advisors LLC grew its position in ASML by 9.8% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 826 shares of the semiconductor company’s stock worth $688,000 after purchasing an additional 74 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of ASML by 5.1% during the third quarter. CIBC Asset Management Inc now owns 25,157 shares of the semiconductor company’s stock worth $20,901,000 after buying an additional 1,212 shares during the period. Balboa Wealth Partners grew its holdings in shares of ASML by 8.9% during the third quarter. Balboa Wealth Partners now owns 3,602 shares of the semiconductor company’s stock worth $3,002,000 after buying an additional 293 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in ASML by 15.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,025 shares of the semiconductor company’s stock valued at $5,854,000 after acquiring an additional 945 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its position in ASML by 6.9% during the 3rd quarter. Curi RMB Capital LLC now owns 326 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of recent research reports. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Susquehanna reduced their price objective 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. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Price Performance

ASML stock opened at $658.63 on Friday. The firm has a 50 day moving average of $756.70 and a 200-day moving average of $881.59. The company has a market cap of $259.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.95 and a beta of 1.51. 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 12-month low of $654.77 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities analysts expect that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The firm 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 0.85%. ASML’s dividend payout ratio (DPR) is currently 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.