Howe & Rusling Inc. Acquires 317 Shares of ASML Holding (NASDAQ:ASML)

Howe & Rusling Inc. increased its holdings in shares of ASML Holding (NASDAQ:ASML) by 6.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,263 shares of the semiconductor company’s stock after purchasing an additional 317 shares during the quarter. Howe & Rusling Inc.’s holdings in ASML were worth $4,386,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its position in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after acquiring an additional 870,010 shares in the last quarter. International Assets Investment Management LLC boosted its stake in ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares during the period. Van ECK Associates Corp increased its holdings in ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of ASML by 11,084.1% in the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after purchasing an additional 243,850 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of ASML by 213.5% in the first quarter. Captrust Financial Advisors now owns 289,944 shares of the semiconductor company’s stock valued at $281,382,000 after purchasing an additional 197,453 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML opened at $662.16 on Wednesday. ASML Holding has a one year low of $648.00 and a one year high of $1,110.09. The company has a market cap of $260.51 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. The firm has a 50-day moving average of $753.23 and a 200-day moving average of $878.72. 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 announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.66 billion. As a group, equities analysts forecast that ASML Holding will post 20.77 earnings per share for the current 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 issued 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 dividend payout ratio is 29.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. 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’s stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price 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.