Daymark Wealth Partners LLC Has $1.81 Million Position in ASML Holding (NASDAQ:ASML)

Daymark Wealth Partners LLC boosted its holdings in ASML Holding (NASDAQ:ASML) by 36.7% in the third quarter, Holdings Channel reports. The institutional investor owned 2,169 shares of the semiconductor company’s stock after buying an additional 582 shares during the period. Daymark Wealth Partners LLC’s holdings in ASML were worth $1,808,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ASML. Fisher Asset Management LLC lifted its holdings in shares of ASML by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock worth $3,760,348,000 after purchasing an additional 95,795 shares during the period. Jennison Associates LLC lifted its holdings in ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after buying an additional 572,996 shares during the period. GQG Partners LLC grew its position in shares of ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of ASML by 15.4% in the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after buying an additional 170,992 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of ASML by 18.9% during the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock worth $1,184,173,000 after acquiring an additional 194,357 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company reduced their target price on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,202.00 to $1,207.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna lifted their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,111.80.

ASML Trading Up 2.6 %

NASDAQ:ASML opened at $845.90 on Thursday. ASML Holding has a 12 month low of $573.86 and a 12 month high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $333.78 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 1.97 and a beta of 1.48. The firm has a fifty day simple moving average of $847.15 and a two-hundred day simple moving average of $926.76.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the business posted $5.37 EPS. Analysts expect that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.89%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is presently 28.50%.

About ASML

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.