West Oak Capital LLC Increases Position in ASML Holding (NASDAQ:ASML)

West Oak Capital LLC raised its position in shares of ASML Holding (NASDAQ:ASML) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,483 shares of the semiconductor company’s stock after buying an additional 281 shares during the period. West Oak Capital LLC’s holdings in ASML were worth $2,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the second quarter worth approximately $26,000. WD Rutherford LLC purchased a new position in ASML during the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC acquired a new position in ASML during the second quarter worth approximately $31,000. First Community Trust NA purchased a new stake in ASML in the second quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC purchased a new stake in ASML in the second quarter valued at approximately $36,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,018.00.

ASML Trading Up 3.2 %

Shares of ASML stock opened at $723.26 on Friday. The stock has a market cap of $285.39 billion, a P/E ratio of 36.94, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The business has a fifty day simple moving average of $834.43 and a 200-day simple moving average of $916.47. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. ASML’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.37 EPS. On average, analysts forecast that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Investors of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s payout ratio is currently 28.50%.

ASML Company 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.