Allen Capital Group LLC Buys 1,843 Shares of ASML Holding (NASDAQ:ASML)

Allen Capital Group LLC raised its stake in ASML Holding (NASDAQ:ASML) by 481.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,226 shares of the semiconductor company’s stock after acquiring an additional 1,843 shares during the quarter. Allen Capital Group LLC’s holdings in ASML were worth $1,855,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ASML. Fairway Wealth LLC acquired a new position in shares of ASML during the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV acquired a new position in shares of ASML during the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML during the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new position in shares of ASML during the 2nd quarter worth approximately $31,000. Finally, First Community Trust NA acquired a new stake in shares of ASML during the 2nd quarter worth approximately $34,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note 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. dropped their price objective 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. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company dropped their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Trading Up 1.8 %

NASDAQ:ASML opened at $670.02 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $263.60 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 1.92 and a beta of 1.51. The firm has a fifty day simple moving average of $747.79 and a two-hundred day simple moving average of $875.74. ASML Holding has a 12 month low of $645.45 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, beating analysts’ consensus estimates 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 net margin of 26.40% and a return on equity of 47.61%. Analysts expect that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.84%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) 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.