ASML Holding (NASDAQ:ASML) Stake Boosted by Raymond James Trust N.A.

Raymond James Trust N.A. raised its position in shares of ASML Holding (NASDAQ:ASML) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,237 shares of the semiconductor company’s stock after buying an additional 34 shares during the quarter. Raymond James Trust N.A.’s holdings in ASML were worth $2,697,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna dropped their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Sanford C. Bernstein decreased their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their target price 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

ASML stock opened at $672.88 on Friday. The firm has a 50 day moving average of $744.92 and a two-hundred day moving average of $873.81. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a market capitalization of $264.73 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.95 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

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 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. As a group, equities analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s 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.