Veracity Capital LLC Has $431,000 Stake in ASML Holding (NASDAQ:ASML)

Veracity Capital LLC lifted its stake in shares of ASML Holding (NASDAQ:ASML) by 16.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 517 shares of the semiconductor company’s stock after acquiring an additional 74 shares during the period. Veracity Capital LLC’s holdings in ASML were worth $431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ASML. Hilltop National Bank grew its stake in shares of ASML by 1.0% in the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after buying an additional 10 shares during the period. First PREMIER Bank raised its position in shares of ASML by 4.2% during the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 11 shares during the period. Investment Partners LTD. lifted its holdings in shares of ASML by 1.2% in the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after purchasing an additional 11 shares in the last quarter. Valley National Advisers Inc. grew its position in ASML by 1.1% in the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 12 shares during the period. Finally, Pure Financial Advisors LLC increased its stake in ASML by 2.8% during the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 12 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

ASML opened at $723.26 on Friday. The firm has a market cap of $285.39 billion, a P/E ratio of 36.94, a PEG ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The firm has a 50-day moving average of $834.43 and a 200 day moving average of $916.12.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the business posted $5.37 EPS. ASML’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, research analysts expect that ASML Holding will post 20.38 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 17th. Shareholders of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.78%. ASML’s payout ratio is presently 28.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASML. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,018.00.

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.