WESPAC Advisors SoCal LLC Buys 1,535 Shares of ASML Holding (NASDAQ:ASML)

WESPAC Advisors SoCal LLC raised its stake in shares of ASML Holding (NASDAQ:ASML) by 15.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,714 shares of the semiconductor company’s stock after buying an additional 1,535 shares during the quarter. ASML comprises 2.3% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 16th largest holding. WESPAC Advisors SoCal LLC’s holdings in ASML were worth $9,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in ASML by 0.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,840 shares of the semiconductor company’s stock worth $6,638,000 after acquiring an additional 53 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of ASML during the 1st quarter valued at $6,655,000. TIAA Trust National Association increased its holdings in shares of ASML by 17.0% in the first quarter. TIAA Trust National Association now owns 1,186 shares of the semiconductor company’s stock worth $1,151,000 after purchasing an additional 172 shares during the period. Acadian Asset Management LLC raised its position in shares of ASML by 1,523.4% in the first quarter. Acadian Asset Management LLC now owns 45,358 shares of the semiconductor company’s stock worth $44,001,000 after buying an additional 42,564 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in ASML by 3.0% during the first quarter. Jacobi Capital Management LLC now owns 657 shares of the semiconductor company’s stock valued at $637,000 after buying an additional 19 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 5.0 %

Shares of ASML opened at $658.63 on Friday. ASML Holding has a fifty-two week low of $654.77 and a fifty-two week high of $1,110.09. The firm has a market cap of $259.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.95 and a beta of 1.51. The firm has a 50 day moving average price of $756.70 and a 200-day moving average price of $881.65. 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 posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. As a group, equities research analysts forecast that ASML Holding will post 20.77 earnings per share for the current 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. This represents a $5.63 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is presently 29.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ASML shares. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lowered their target price 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. Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Susquehanna dropped their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.