Pennant Select LLC Acquires 5,200 Shares of ASML Holding (NASDAQ:ASML)

Pennant Select LLC increased its holdings in ASML Holding (NASDAQ:ASML) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,200 shares of the semiconductor company’s stock after acquiring an additional 5,200 shares during the quarter. ASML makes up 11.9% of Pennant Select LLC’s portfolio, making the stock its 3rd biggest position. Pennant Select LLC’s holdings in ASML were worth $16,832,000 as of its most recent SEC filing.

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

ASML Stock Performance

Shares of ASML stock opened at $670.48 on Friday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a market capitalization of $263.78 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.51. The business has a 50 day simple moving average of $734.37 and a 200 day simple moving average of $867.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

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, topping analysts’ consensus estimates 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, equities research analysts anticipate that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid 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 was Tuesday, October 29th. ASML’s payout ratio is currently 29.21%.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock 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. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein dropped their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $970.60.

About ASML

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.