Bamco Inc. NY Acquires 894 Shares of ASML Holding (NASDAQ:ASML)

Bamco Inc. NY raised its holdings in ASML Holding (NASDAQ:ASML) by 1.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 53,929 shares of the semiconductor company’s stock after purchasing an additional 894 shares during the quarter. Bamco Inc. NY’s holdings in ASML were worth $44,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ASML. Valley National Advisers Inc. lifted its position in ASML by 1.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after buying an additional 12 shares in the last quarter. Pure Financial Advisors LLC raised its stake in shares of ASML by 2.8% in the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 12 shares during the last quarter. First Pacific Financial lifted its position in shares of ASML by 1.1% during the second quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after purchasing an additional 12 shares in the last quarter. RMR Wealth Builders grew its stake in shares of ASML by 0.6% during the second quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock valued at $2,162,000 after purchasing an additional 12 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in shares of ASML by 1.4% in the second quarter. Ameritas Advisory Services LLC now owns 844 shares of the semiconductor company’s stock valued at $863,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Sanford C. Bernstein decreased their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company reduced their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $961.00.

ASML Stock Performance

Shares of ASML stock opened at $711.47 on Tuesday. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $279.91 billion, a PE ratio of 37.25, a PEG ratio of 1.99 and a beta of 1.51. The stock’s fifty day simple moving average is $732.20 and its 200 day simple moving average is $864.88.

ASML (NASDAQ:ASML) last issued its quarterly earnings data 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. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, research analysts predict that ASML Holding will post 20.68 EPS for the current 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 $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.79%. ASML’s dividend 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.