Cresta Advisors Ltd. Purchases New Holdings in ASML Holding (NASDAQ:ASML)

Cresta Advisors Ltd. acquired a new position in shares of ASML Holding (NASDAQ:ASML) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 500 shares of the semiconductor company’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of ASML by 1.0% during the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after acquiring an additional 31,879 shares in the last quarter. Edgewood Management LLC grew its position in ASML by 3.3% during the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after purchasing an additional 70,776 shares during the last quarter. Van ECK Associates Corp increased its stake in ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of ASML by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock worth $836,300,000 after buying an additional 2,085 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ASML shares. Wells Fargo & Company lowered their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. dropped 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. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna reduced their price target 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, October 11th. Finally, BNP Paribas began coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $943.83.

ASML Trading Down 0.2 %

Shares of ASML stock opened at $705.27 on Wednesday. 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 company has a market cap of $277.47 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.06 and a beta of 1.49. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The firm has a fifty day moving average price of $718.47 and a 200-day moving average price of $855.80.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 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 business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. As a group, equities analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.80%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

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.