Northwest & Ethical Investments L.P. Grows Stock Holdings in ASML Holding (NASDAQ:ASML)

Northwest & Ethical Investments L.P. lifted its position in ASML Holding (NASDAQ:ASML) by 70.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230 shares of the semiconductor company’s stock after acquiring an additional 95 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in ASML were worth $192,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter valued at $26,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC purchased a new position in shares of ASML in the third quarter worth $25,000. First Community Trust NA acquired a new stake in shares of ASML during the second quarter worth $34,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of ASML during the third quarter valued at $28,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ASML shares. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein decreased their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their price objective on shares of 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. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. 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 report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $961.00.

ASML Stock Performance

NASDAQ:ASML opened at $686.61 on Friday. The company has a fifty day moving average of $732.20 and a two-hundred day moving average of $865.39. 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 P/E/G ratio of 1.95 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations 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 forecast that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced 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 0.82%. 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.