Hobbs Group Advisors LLC Boosts Stock Holdings in ASML Holding (NASDAQ:ASML)

Hobbs Group Advisors LLC grew its position in ASML Holding (NASDAQ:ASML) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237 shares of the semiconductor company’s stock after purchasing an additional 29 shares during the period. Hobbs Group Advisors LLC’s holdings in ASML were worth $198,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of ASML during the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV bought a new stake in ASML during the second quarter worth $26,000. Milestone Investment Advisors LLC bought a new position in ASML in the 3rd quarter valued at $28,000. Triad Wealth Partners LLC bought a new position in ASML in the 2nd quarter valued at $31,000. Finally, POM Investment Strategies LLC bought a new stake in shares of ASML during the 2nd quarter worth $36,000. 26.07% of the stock is owned by institutional investors.

ASML Trading Down 0.2 %

NASDAQ:ASML opened at $705.27 on Wednesday. The company has a market cap of $277.47 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.06 and a beta of 1.49. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The stock’s fifty day moving average price is $718.47 and its two-hundred day moving average price is $855.80.

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. The business 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%. As a group, analysts expect that ASML Holding will post 20.68 EPS for the current 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 issued a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Analysts Set New Price Targets

ASML has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of 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 reduced 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. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Sanford C. Bernstein dropped their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $943.83.

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.