D.A. Davidson & CO. Buys 289 Shares of ASML Holding (NASDAQ:ASML)

D.A. Davidson & CO. boosted its stake in shares of ASML Holding (NASDAQ:ASML) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,542 shares of the semiconductor company’s stock after purchasing an additional 289 shares during the quarter. D.A. Davidson & CO.’s holdings in ASML were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new stake in ASML in the third quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in ASML in the second quarter worth about $26,000. Milestone Investment Advisors LLC acquired a new stake in ASML in the third quarter worth about $28,000. Triad Wealth Partners LLC acquired a new stake in ASML in the second quarter worth about $31,000. Finally, First Community Trust NA acquired a new stake in ASML in the second quarter worth about $34,000. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Down 0.2 %

Shares of ASML stock opened at $670.48 on Friday. The stock has a 50 day moving average of $734.37 and a 200 day moving average of $867.34. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $263.78 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.99 and a beta of 1.51. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, sell-side analysts expect that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

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

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.