Beck Capital Management LLC Has $2.94 Million Stake in ASML Holding (NASDAQ:ASML)

Beck Capital Management LLC grew its holdings in ASML Holding (NASDAQ:ASML) by 11.1% during the third quarter, Holdings Channel.com reports. The firm owned 3,530 shares of the semiconductor company’s stock after acquiring an additional 353 shares during the period. Beck Capital Management LLC’s holdings in ASML were worth $2,941,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Taurus Asset Management LLC bought a new stake in ASML during the 3rd quarter worth about $16,994,000. Stockman Wealth Management Inc. raised its position in ASML by 7.2% in 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 holdings in ASML by 7.5% during the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock worth $39,664,000 after buying an additional 3,321 shares in the last quarter. Principal Financial Group Inc. boosted its position in ASML by 104.4% in 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. Finally, Vantage Investment Partners LLC raised its position in shares of ASML by 8.5% during the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after acquiring an additional 2,736 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.4 %

NASDAQ:ASML opened at $686.61 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The business’s 50-day simple moving average is $732.20 and its 200-day simple moving average is $864.88. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The stock has a market capitalization of $270.13 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 1.99 and a beta of 1.51.

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

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday. Finally, Wells Fargo & Company cut their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $961.00.

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.