Fiduciary Trust Co Acquires 40 Shares of ASML Holding (NASDAQ:ASML)

Fiduciary Trust Co increased its holdings in ASML Holding (NASDAQ:ASML) by 1.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,542 shares of the semiconductor company’s stock after buying an additional 40 shares during the period. Fiduciary Trust Co’s holdings in ASML were worth $2,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ASML. Taurus Asset Management LLC purchased a new stake in ASML in the third quarter valued at about $16,994,000. Stockman Wealth Management Inc. increased its holdings in shares of ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after acquiring an additional 1,032 shares in the last quarter. US Bancorp DE raised its position in shares of ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after purchasing an additional 3,321 shares during the last quarter. Principal Financial Group Inc. boosted its stake in ASML by 104.4% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after purchasing an additional 3,580 shares in the last quarter. Finally, Vantage Investment Partners LLC grew its position in ASML by 8.5% during the 3rd quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after purchasing an additional 2,736 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.4 %

ASML stock opened at $686.61 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $270.13 billion, a PE ratio of 35.95, a P/E/G ratio of 1.95 and a beta of 1.51. The stock’s 50 day simple moving average is $732.20 and its two-hundred day simple moving average is $865.74. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09.

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

ASML Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein cut their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.