Kingsview Wealth Management LLC Has $1.55 Million Stock Position in ASML Holding (NASDAQ:ASML)

Kingsview Wealth Management LLC grew its position in shares of ASML Holding (NASDAQ:ASML) by 29.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,859 shares of the semiconductor company’s stock after purchasing an additional 423 shares during the quarter. Kingsview Wealth Management LLC’s holdings in ASML were worth $1,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ASML. Fairway Wealth LLC acquired a new position in ASML in the third quarter valued at $25,000. Resources Management Corp CT ADV bought a new position in shares of ASML in the 2nd quarter worth about $26,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML in the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC bought a new stake in shares of ASML during the 2nd quarter valued at about $31,000. Finally, First Community Trust NA acquired a new stake in ASML during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on ASML shares. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna decreased their price target on shares of 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 dropped their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. JPMorgan Chase & Co. reduced their target price on 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. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Up 1.7 %

ASML stock opened at $684.47 on Tuesday. The firm has a market capitalization of $269.28 billion, a PE ratio of 35.84, a P/E/G ratio of 1.95 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The stock’s 50 day moving average is $742.55 and its 200-day moving average is $871.93.

ASML (NASDAQ:ASML) last posted 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 net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. Sell-side analysts expect that ASML Holding will post 20.68 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. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.82%. ASML’s dividend payout ratio (DPR) is 29.21%.

ASML 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.