Bank of Hawaii Acquires New Stake in ASML Holding (NASDAQ:ASML)

Bank of Hawaii acquired a new position in shares of ASML Holding (NASDAQ:ASML) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 242 shares of the semiconductor company’s stock, valued at approximately $202,000.

Several other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in ASML during the third quarter worth $25,000. Resources Management Corp CT ADV acquired a new position in shares of ASML during the 2nd quarter worth $26,000. Milestone Investment Advisors LLC purchased a new position in shares of ASML in the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the second quarter valued at about $31,000. Finally, First Community Trust NA purchased a new stake in ASML during the second quarter worth about $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. UBS Group downgraded 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 for the company in a research report on Monday, October 21st. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Price Performance

ASML stock opened at $684.47 on Tuesday. The stock has a market capitalization of $269.28 billion, a P/E ratio of 35.84, a P/E/G ratio of 1.95 and a beta of 1.51. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm’s 50-day moving average is $742.55 and its two-hundred day moving average is $871.93.

ASML (NASDAQ:ASML) last announced its earnings results 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 firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

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.