ASML Holding (NASDAQ:ASML) Shares Purchased by Cox Capital Mgt LLC

Cox Capital Mgt LLC increased its position in ASML Holding (NASDAQ:ASML) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,485 shares of the semiconductor company’s stock after acquiring an additional 30 shares during the period. ASML makes up about 3.7% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 4th biggest position. Cox Capital Mgt LLC’s holdings in ASML were worth $6,237,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KP Management LLC boosted its stake in shares of ASML by 66.7% during the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after acquiring an additional 2,000 shares during the last quarter. Harvard Management Co. Inc. grew its holdings in shares of ASML by 239.8% during the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after buying an additional 66,000 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of ASML by 41.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after buying an additional 1,007 shares during the last quarter. Point72 DIFC Ltd lifted its stake in shares of ASML by 122.1% during the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $6,560,000 after buying an additional 3,527 shares during the period. Finally, Cetera Investment Advisers boosted its position in ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after acquiring an additional 14,682 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Up 0.8 %

Shares of ASML traded up $6.72 during mid-day trading on Friday, reaching $840.69. 964,926 shares of the stock traded hands, compared to its average volume of 1,247,158. The stock has a fifty day simple moving average of $844.97 and a 200 day simple moving average of $924.59. ASML Holding has a 12-month low of $573.86 and a 12-month high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market cap of $330.74 billion, a price-to-earnings ratio of 45.37, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the company earned $5.37 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. Sell-side analysts expect that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.89%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is presently 30.17%.

Analyst Ratings Changes

Several research analysts have weighed in on ASML shares. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lowered their price target on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Susquehanna cut their price objective 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. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,071.80.

About ASML

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.