Principal Street Partners LLC Purchases 545 Shares of ASML Holding (NASDAQ:ASML)

Principal Street Partners LLC increased its position in shares of ASML Holding (NASDAQ:ASML) by 98.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,099 shares of the semiconductor company’s stock after acquiring an additional 545 shares during the quarter. Principal Street Partners LLC’s holdings in ASML were worth $916,000 as of its most recent SEC filing.

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

ASML Trading Down 1.2 %

Shares of ASML stock opened at $676.56 on Tuesday. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company’s 50-day simple moving average is $742.55 and its 200-day simple moving average is $871.93. The firm has a market cap of $266.17 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its quarterly earnings results 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 analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities research analysts anticipate that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed 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. This represents a $5.63 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein cut their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. 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 report on Thursday, October 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Company 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.