Jacobson & Schmitt Advisors LLC Increases Position in ASML Holding (NASDAQ:ASML)

Jacobson & Schmitt Advisors LLC increased its stake in shares of ASML Holding (NASDAQ:ASML) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,547 shares of the semiconductor company’s stock after buying an additional 676 shares during the quarter. ASML comprises approximately 2.5% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Jacobson & Schmitt Advisors LLC’s holdings in ASML were worth $12,121,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its position in shares of ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after acquiring an additional 870,010 shares during the period. Jennison Associates LLC raised its position in shares of ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares during the period. Fayez Sarofim & Co acquired a new position in shares of ASML in the first quarter worth about $542,710,000. International Assets Investment Management LLC raised its position in shares of ASML by 94,079.7% in the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after acquiring an additional 491,096 shares during the period. Finally, GQG Partners LLC raised its position in shares of ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Down 1.6 %

ASML stock opened at $672.55 on Friday. The company has a market cap of $264.59 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.98 and a beta of 1.48. 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 $593.56 and a 12 month high of $1,110.09. The firm has a 50-day moving average of $798.17 and a two-hundred day moving average of $899.57.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders 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 0.84%. ASML’s dividend payout ratio (DPR) is 29.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ASML shares. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

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.