Townsquare Capital LLC Grows Stake in ASML Holding (NASDAQ:ASML)

Townsquare Capital LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,241 shares of the semiconductor company’s stock after purchasing an additional 1,396 shares during the period. Townsquare Capital LLC’s holdings in ASML were worth $10,200,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ASML shares. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna dropped their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Finally, Sanford C. Bernstein reduced their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Performance

ASML opened at $670.48 on Thursday. ASML Holding has a 1 year low of $645.45 and a 1 year 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 has a fifty day moving average price of $737.53 and a 200 day moving average price of $868.72. The stock has a market cap of $263.78 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.99 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. 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. 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 of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

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.