LPL Financial LLC Acquires 14,922 Shares of ASML Holding (NASDAQ:ASML)

LPL Financial LLC increased its holdings in ASML Holding (NASDAQ:ASML) by 11.5% in the third quarter, HoldingsChannel reports. The firm owned 144,298 shares of the semiconductor company’s stock after purchasing an additional 14,922 shares during the period. LPL Financial LLC’s holdings in ASML were worth $120,236,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ASML. Fairway Wealth LLC acquired a new position in shares of ASML during the 3rd quarter valued at about $25,000. Resources Management Corp CT ADV acquired a new position in ASML during the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC bought a new position in shares of ASML in the third quarter valued at approximately $28,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the second quarter worth $31,000. Finally, First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter worth $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Trading Up 0.1 %

Shares of ASML stock opened at $672.88 on Friday. 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 company has a market capitalization of $264.72 billion, a P/E ratio of 35.23, a P/E/G ratio of 1.92 and a beta of 1.51. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a 50-day moving average price of $744.92 and a 200 day moving average price of $874.05.

ASML (NASDAQ:ASML) last announced its 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 business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. Research analysts forecast that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s dividend payout ratio is 29.21%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company cut their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.