Townsquare Capital LLC Raises Position in ASML Holding (NASDAQ:ASML)

Townsquare Capital LLC grew its stake in ASML Holding (NASDAQ:ASML) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,241 shares of the semiconductor company’s stock after purchasing an additional 1,396 shares during the period. Townsquare Capital LLC’s holdings in ASML were worth $10,200,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

ASML has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target 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. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna cut 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 report on Friday, October 11th. Sanford C. Bernstein decreased their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Price Performance

Shares of ASML opened at $670.48 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The company has a 50 day moving average price of $737.53 and a 200-day moving average price of $868.72. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The stock has a market capitalization of $263.78 billion, a PE ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share 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 company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. Equities analysts predict that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is currently 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.