Sather Financial Group Inc Acquires New Holdings in ASML Holding (NASDAQ:ASML)

Sather Financial Group Inc bought a new position in ASML Holding (NASDAQ:ASML) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 252 shares of the semiconductor company’s stock, valued at approximately $210,000.

Other hedge funds have also added to or reduced their stakes in the company. WESPAC Advisors SoCal LLC increased its position in ASML by 15.1% during the third quarter. WESPAC Advisors SoCal LLC now owns 11,714 shares of the semiconductor company’s stock valued at $9,761,000 after acquiring an additional 1,535 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in shares of ASML by 1.9% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 6,764 shares of the semiconductor company’s stock valued at $5,636,000 after purchasing an additional 125 shares during the last quarter. KPP Advisory Services LLC boosted its holdings in shares of ASML by 12.3% in the third quarter. KPP Advisory Services LLC now owns 1,060 shares of the semiconductor company’s stock worth $883,000 after buying an additional 116 shares during the last quarter. Paragon Advisors LLC grew its position in ASML by 3.7% during the third quarter. Paragon Advisors LLC now owns 6,967 shares of the semiconductor company’s stock valued at $5,806,000 after buying an additional 251 shares during the period. Finally, Ipswich Investment Management Co. Inc. increased its holdings in ASML by 7.6% during the third quarter. Ipswich Investment Management Co. Inc. now owns 5,595 shares of the semiconductor company’s stock valued at $4,662,000 after buying an additional 397 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

NASDAQ:ASML opened at $658.63 on Friday. The firm has a market capitalization of $259.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.95 and a beta of 1.51. 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 business has a 50 day simple moving average of $756.70 and a 200-day simple moving average of $881.65. ASML Holding has a 1 year low of $654.77 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results 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. 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 the consensus estimate of $7.66 billion. Equities analysts forecast that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is presently 29.21%.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company reduced their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. dropped 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. Sanford C. Bernstein decreased their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $970.60.

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.