Signature Estate & Investment Advisors LLC Acquires 74 Shares of ASML Holding (NASDAQ:ASML)

Signature Estate & Investment Advisors LLC grew its position in ASML Holding (NASDAQ:ASML) by 9.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 826 shares of the semiconductor company’s stock after purchasing an additional 74 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in ASML were worth $688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML during the second quarter worth $31,000. Fairway Wealth LLC acquired a new stake in shares of ASML during 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 acquired a new stake in shares of ASML during the third quarter worth $28,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASML. Susquehanna decreased their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Sanford C. Bernstein decreased their price objective 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 research note on Wednesday, October 2nd. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Three 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Performance

Shares of ASML stock opened at $658.63 on Friday. The firm has a market cap of $259.12 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The stock’s 50-day moving average is $756.70 and its 200-day moving average is $881.59. ASML Holding has a one year low of $654.77 and a one year high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

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, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. Equities analysts predict that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.85%. ASML’s payout ratio is presently 29.21%.

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.