Darden Wealth Group Inc Has $1.29 Million Position in ASML Holding (NASDAQ:ASML)

Darden Wealth Group Inc grew its position in shares of ASML Holding (NASDAQ:ASML) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,546 shares of the semiconductor company’s stock after buying an additional 73 shares during the quarter. ASML accounts for approximately 0.9% of Darden Wealth Group Inc’s investment portfolio, making the stock its 24th biggest holding. Darden Wealth Group Inc’s holdings in ASML were worth $1,288,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Taurus Asset Management LLC purchased a new position in ASML during the 3rd quarter valued at about $16,994,000. Stockman Wealth Management Inc. raised its position in shares of ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after buying an additional 1,032 shares in the last quarter. US Bancorp DE lifted its holdings in shares of 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 acquiring an additional 3,321 shares during the last quarter. Principal Financial Group Inc. grew its position in ASML by 104.4% in the third quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Vantage Investment Partners LLC increased its stake in ASML by 8.5% in the third quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock valued at $28,970,000 after acquiring an additional 2,736 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

NASDAQ ASML opened at $670.02 on Friday. 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 business’s fifty day moving average is $747.79 and its 200 day moving average is $875.74. The company has a market capitalization of $263.60 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping 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 company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Sell-side analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid 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%.

Analyst Ratings Changes

Several research firms have commented on ASML. Susquehanna decreased their price target on shares of 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. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their price objective 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. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their price objective 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus target price of $970.60.

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.