ASML Holding (NASDAQ:ASML) Shares Purchased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,481 shares of the semiconductor company’s stock after buying an additional 127 shares during the period. Cabot Wealth Management Inc.’s holdings in ASML were worth $3,734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC lifted its position in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares in the last quarter. GQG Partners LLC lifted its position in shares of ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of ASML by 15.4% during the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after purchasing an additional 170,992 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of ASML by 18.9% during the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock worth $1,184,173,000 after purchasing an additional 194,357 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted 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. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ASML has been the topic of a number of recent research reports. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price target on shares of ASML from $1,202.00 to $1,207.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Susquehanna lowered 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 note on Friday. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average price target of $1,071.80.

ASML Stock Performance

Shares of ASML stock traded down $141.84 during trading on Tuesday, hitting $730.43. 9,299,429 shares of the stock were exchanged, compared to its average volume of 1,290,247. The stock’s fifty day moving average is $846.01 and its 200 day moving average is $923.22. The stock has a market cap of $288.22 billion, a PE ratio of 38.69, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 12 month low of $573.86 and a 12 month high of $1,110.09.

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, beating analysts’ consensus estimates of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.37 EPS. As a group, sell-side analysts anticipate that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is currently 28.50%.

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.