Mesirow Financial Investment Management Inc. Boosts Stock Position in ASML Holding (NASDAQ:ASML)

Mesirow Financial Investment Management Inc. boosted its holdings in shares of ASML Holding (NASDAQ:ASML) by 14.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 543 shares of the semiconductor company’s stock after purchasing an additional 70 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in ASML were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. US Bancorp DE lifted its stake in ASML by 7.5% in the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock worth $39,664,000 after acquiring an additional 3,321 shares during the period. KP Management LLC lifted its position in shares of ASML by 66.7% in the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 2,000 shares during the period. Harvard Management Co. Inc. boosted its stake in shares of ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after purchasing an additional 66,000 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of ASML during the third quarter valued at about $1,372,000. Finally, Pathway Financial Advisers LLC raised its stake in ASML by 97,001.7% in the third quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company’s stock worth $94,665,000 after buying an additional 113,492 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ASML shares. JPMorgan Chase & Co. cut 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. Susquehanna reduced their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report 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 on the stock in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein lowered their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Three 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Trading Up 0.3 %

Shares of NASDAQ:ASML opened at $671.31 on Tuesday. ASML Holding has a 1 year low of $648.27 and a 1 year high of $1,110.09. The stock’s fifty day moving average price is $771.58 and its 200-day moving average price is $889.54. The company has a market cap of $264.11 billion, a P/E ratio of 35.15, a PEG ratio of 1.93 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.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Sell-side analysts expect that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

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

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.