Adero Partners LLC Acquires 49 Shares of ASML Holding (NASDAQ:ASML)

Adero Partners LLC boosted its position in ASML Holding (NASDAQ:ASML) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410 shares of the semiconductor company’s stock after purchasing an additional 49 shares during the period. Adero Partners LLC’s holdings in ASML were worth $342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resources Management Corp CT ADV purchased a new position in ASML in the second quarter worth about $26,000. Triad Wealth Partners LLC purchased a new position in ASML in the second quarter worth about $31,000. Fairway Wealth LLC purchased a new position in ASML in the third quarter worth about $25,000. First Community Trust NA purchased a new position in ASML in the second quarter worth about $34,000. Finally, Milestone Investment Advisors LLC purchased a new position in ASML in the third quarter worth about $28,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Down 5.0 %

NASDAQ ASML opened at $658.63 on Friday. The stock’s 50 day moving average is $756.70 and its 200 day moving average is $881.65. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 12 month low of $654.77 and a 12 month high of $1,110.09. The stock has a market cap of $259.12 billion, a PE ratio of 34.48, a P/E/G ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.66 billion. Research analysts predict that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price 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. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Sanford C. Bernstein lowered their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

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.