ASML Holding (NASDAQ:ASML) Position Raised by Commerce Bank

Commerce Bank increased its holdings in ASML Holding (NASDAQ:ASML) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,589 shares of the semiconductor company’s stock after buying an additional 222 shares during the quarter. Commerce Bank’s holdings in ASML were worth $2,991,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on ASML shares. Sanford C. Bernstein decreased their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three research 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 company’s stock. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Up 0.1 %

Shares of NASDAQ:ASML opened at $672.88 on Friday. The firm has a 50 day simple moving average of $744.92 and a 200 day simple moving average of $874.05. 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 company has a market cap of $264.72 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51.

ASML (NASDAQ:ASML) last released 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. The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, research analysts expect that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 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.