Eventide Asset Management LLC Raises Stock Holdings in ASML Holding (NASDAQ:ASML)

Eventide Asset Management LLC grew its stake in ASML Holding (NASDAQ:ASML) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,176 shares of the semiconductor company’s stock after buying an additional 3,062 shares during the quarter. Eventide Asset Management LLC’s holdings in ASML were worth $52,641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fisher Asset Management LLC increased its position in ASML by 1.0% in the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after buying an additional 31,879 shares in the last quarter. Edgewood Management LLC grew its position in shares of ASML by 3.3% during the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after purchasing an additional 70,776 shares in the last quarter. Van ECK Associates Corp grew its position in shares of ASML by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after purchasing an additional 870,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of ASML by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock worth $836,300,000 after purchasing an additional 2,085 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ASML shares. Susquehanna cut their target price on 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. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Wells Fargo & Company lowered their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. dropped their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $961.00.

ASML Stock Down 0.2 %

ASML opened at $670.48 on Friday. The business’s 50-day simple moving average is $734.37 and its 200-day simple moving average is $867.34. 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 Holding has a one year low of $645.45 and a one year high of $1,110.09. The stock has a market capitalization of $263.78 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) 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 analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Analysts anticipate that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. 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 dividend payout ratio 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.