Principal Street Partners LLC Has $916,000 Holdings in ASML Holding (NASDAQ:ASML)

Principal Street Partners LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 98.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,099 shares of the semiconductor company’s stock after purchasing an additional 545 shares during the period. Principal Street Partners LLC’s holdings in ASML were worth $916,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its stake in ASML by 1.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after acquiring an additional 31,879 shares in the last quarter. Edgewood Management LLC lifted its position in shares of ASML by 3.3% during the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after purchasing an additional 70,776 shares in the last quarter. Van ECK Associates Corp boosted its holdings in ASML by 37.0% during the third 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 during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of ASML by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock worth $836,300,000 after buying an additional 2,085 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASML. Wells Fargo & Company dropped their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Performance

Shares of ASML opened at $676.56 on Tuesday. The company has a market cap of $266.17 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 1.95 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The business’s fifty day simple moving average is $742.55 and its two-hundred day simple moving average is $871.93.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 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 the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Research analysts anticipate that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.83%. ASML’s payout ratio 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.