ASML Holding (NASDAQ:ASML) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in ASML Holding (NASDAQ:ASML) by 38.3% in the third quarter, Holdings Channel.com reports. The fund owned 164,122 shares of the semiconductor company’s stock after buying an additional 45,475 shares during the quarter. Bank of Montreal Can’s holdings in ASML were worth $138,116,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in shares of ASML in the third quarter valued at about $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML in the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC purchased a new position in ASML in the 2nd quarter valued at approximately $31,000. Finally, First Community Trust NA acquired a new position in ASML during the second quarter worth $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

ASML opened at $684.47 on Tuesday. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company’s 50 day simple moving average is $742.55 and its 200 day simple moving average is $871.93. The stock has a market capitalization of $269.28 billion, a PE ratio of 35.84, a P/E/G ratio of 1.95 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share 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 company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. As a group, sell-side analysts expect that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.82%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ASML. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Susquehanna cut their target price 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. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Sanford C. Bernstein dropped their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

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.