Private Trust Co. NA Increases Position in ASML Holding (NASDAQ:ASML)

Private Trust Co. NA lifted its holdings in ASML Holding (NASDAQ:ASML) by 64.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 859 shares of the semiconductor company’s stock after buying an additional 338 shares during the quarter. Private Trust Co. NA’s holdings in ASML were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Taurus Asset Management LLC bought a new stake in shares of ASML during the third quarter worth $16,994,000. Stockman Wealth Management Inc. lifted its holdings in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after buying an additional 1,032 shares in the last quarter. US Bancorp DE boosted its position in ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 3,321 shares during the period. Principal Financial Group Inc. grew its stake in ASML by 104.4% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Vantage Investment Partners LLC increased its position in shares of ASML by 8.5% during the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after acquiring an additional 2,736 shares during the period. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

Shares of ASML stock opened at $671.97 on Wednesday. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm has a market capitalization of $264.37 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 1.95 and a beta of 1.51. The stock’s 50-day simple moving average is $739.87 and its 200-day simple moving average is $870.11.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, equities analysts forecast that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. ASML’s dividend payout ratio (DPR) is 29.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ASML. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein cut their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. decreased their price objective on 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. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.