State Street Corp Acquires 7,010 Shares of ASML Holding (NASDAQ:ASML)

State Street Corp raised its holdings in ASML Holding (NASDAQ:ASML) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,802 shares of the semiconductor company’s stock after buying an additional 7,010 shares during the period. State Street Corp’s holdings in ASML were worth $117,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ASML. Fairway Wealth LLC purchased a new stake in ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV bought a new position in shares of ASML during the second quarter valued at about $26,000. Milestone Investment Advisors LLC purchased a new position in ASML during the third quarter worth about $28,000. POM Investment Strategies LLC bought a new stake in ASML in the 2nd quarter worth about $36,000. Finally, Ridgewood Investments LLC purchased a new stake in ASML in the 2nd quarter valued at about $39,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Sanford C. Bernstein reduced their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Susquehanna lowered their target price 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. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $943.83.

ASML Price Performance

ASML opened at $718.58 on Monday. The company has a market capitalization of $282.71 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.07 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $709.10 and a 200-day moving average price of $848.69. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09.

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

ASML Cuts Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio 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.