ASML Holding (NASDAQ:ASML) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in ASML Holding (NASDAQ:ASML) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 80,290 shares of the semiconductor company’s stock after purchasing an additional 3,100 shares during the period. Geode Capital Management LLC’s holdings in ASML were worth $66,902,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Taurus Asset Management LLC purchased a new position in ASML during the 3rd quarter valued at about $16,994,000. State Street Corp increased its stake in shares of ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares in the last quarter. Stockman Wealth Management Inc. raised its position in shares of ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares during the last quarter. US Bancorp DE lifted its stake in ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 3,321 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in ASML by 104.4% during the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock valued at $5,840,000 after buying an additional 3,580 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ:ASML opened at $705.68 on Friday. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The firm has a market capitalization of $277.63 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.07 and a beta of 1.49. 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 firm’s fifty day simple moving average is $697.72 and its 200 day simple moving average is $841.01.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities research analysts expect 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. This represents a $5.63 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BNP Paribas started coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein reduced their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, 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. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $943.83.

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.