ASML Holding (NASDAQ:ASML) Shares Purchased by Channel Wealth LLC

Channel Wealth LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,645 shares of the semiconductor company’s stock after purchasing an additional 856 shares during the quarter. ASML makes up 1.5% of Channel Wealth LLC’s portfolio, making the stock its 17th largest holding. Channel Wealth LLC’s holdings in ASML were worth $4,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Portside Wealth Group LLC boosted its position in ASML by 14.0% during the 3rd quarter. Portside Wealth Group LLC now owns 1,340 shares of the semiconductor company’s stock worth $1,117,000 after acquiring an additional 165 shares during the period. Western Pacific Wealth Management LP grew its position in ASML by 7.5% in the 3rd quarter. Western Pacific Wealth Management LP now owns 331 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 23 shares in the last quarter. Valley Brook Capital Group Inc. increased its stake in ASML by 23.1% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 458 shares of the semiconductor company’s stock valued at $382,000 after buying an additional 86 shares during the period. Kornitzer Capital Management Inc. KS lifted its stake in shares of ASML by 35.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 24,765 shares of the semiconductor company’s stock worth $20,635,000 after acquiring an additional 6,455 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 3,580 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.4 %

Shares of ASML stock opened at $677.21 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. ASML Holding has a 1 year low of $633.85 and a 1 year high of $1,110.09. The firm’s fifty day simple moving average is $780.47 and its 200 day simple moving average is $892.54. The firm has a market capitalization of $266.43 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, sell-side analysts predict that ASML Holding will post 20.76 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.83%. ASML’s payout ratio is presently 29.21%.

Wall Street Analyst Weigh In

ASML has been the subject of several recent research reports. Wells Fargo & Company cut 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. JPMorgan Chase & Co. decreased their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

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.