2,700 Shares in ASML Holding (NASDAQ:ASML) Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd acquired a new stake in shares of ASML Holding (NASDAQ:ASML) in the 3rd quarter, HoldingsChannel reports. The firm acquired 2,700 shares of the semiconductor company’s stock, valued at approximately $2,250,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of ASML during the 3rd quarter worth $25,000. Resources Management Corp CT ADV acquired a new position in ASML during the second quarter worth about $26,000. Milestone Investment Advisors LLC bought a new position in shares of ASML in the third quarter worth about $28,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the 2nd quarter valued at approximately $31,000. Finally, First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter valued at approximately $34,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ASML has been the topic of a number of research analyst reports. Wells Fargo & Company cut 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. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Sanford C. Bernstein lowered their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Susquehanna cut 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. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Down 0.2 %

ASML stock opened at $670.48 on Thursday. The firm has a market cap of $263.78 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm has a 50 day moving average price of $737.53 and a two-hundred day moving average price of $868.72.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during 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%. Equities analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were paid a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.84%. ASML’s dividend payout ratio is currently 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.