Curi RMB Capital LLC Increases Stock Holdings in ASML Holding (NASDAQ:ASML)

Curi RMB Capital LLC raised its position in shares of ASML Holding (NASDAQ:ASML) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 326 shares of the semiconductor company’s stock after purchasing an additional 21 shares during the quarter. Curi RMB Capital LLC’s holdings in ASML were worth $272,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Resources Management Corp CT ADV purchased a new stake in ASML during the second quarter valued at approximately $26,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the 2nd quarter worth $31,000. Fairway Wealth LLC bought a new position in ASML in the 3rd quarter worth $25,000. First Community Trust NA bought a new stake in ASML during the second quarter valued at about $34,000. Finally, Milestone Investment Advisors LLC purchased a new stake in ASML in the third quarter worth about $28,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $658.63 on Friday. The firm has a fifty day simple moving average of $756.70 and a two-hundred day simple moving average of $881.59. ASML Holding has a 52 week low of $654.77 and a 52 week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $259.12 billion, a P/E ratio of 34.48, a PEG ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, analysts expect that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given 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 0.85%. ASML’s dividend payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ASML shares. Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Sanford C. Bernstein lowered 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. 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 stock. According to data from MarketBeat, ASML has a consensus 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.