Canal Capital Management LLC Buys 123 Shares of ASML Holding (NASDAQ:ASML)

Canal Capital Management LLC boosted its position in ASML Holding (NASDAQ:ASML) by 2.0% in the third quarter, HoldingsChannel.com reports. The firm owned 6,209 shares of the semiconductor company’s stock after acquiring an additional 123 shares during the period. Canal Capital Management LLC’s holdings in ASML were worth $5,174,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its position in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after purchasing an additional 870,010 shares in the last quarter. Jennison Associates LLC grew its stake in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares during the last quarter. Fayez Sarofim & Co acquired a new position in shares of ASML during the first quarter valued at about $542,710,000. International Assets Investment Management LLC boosted its stake in ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares in the last quarter. Finally, GQG Partners LLC grew its position in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ASML. Sanford C. Bernstein lowered their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday. Susquehanna dropped 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 cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Up 0.9 %

Shares of ASML stock opened at $717.00 on Friday. ASML Holding has a twelve month low of $582.48 and a twelve month high of $1,110.09. The stock has a market cap of $282.92 billion, a P/E ratio of 36.30, a P/E/G ratio of 2.08 and a beta of 1.48. The stock has a 50 day moving average of $825.27 and a 200 day moving average of $910.74. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be issued a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 28.70%.

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.