20,395 Shares in ASML Holding (NASDAQ:ASML) Purchased by Taurus Asset Management LLC

Taurus Asset Management LLC bought a new stake in shares of ASML Holding (NASDAQ:ASML) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,395 shares of the semiconductor company’s stock, valued at approximately $16,994,000. ASML makes up about 1.7% of Taurus Asset Management LLC’s investment portfolio, making the stock its 29th largest position.

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

Analysts Set New Price Targets

Several research analysts have issued reports on ASML shares. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein dropped their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company decreased their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three 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 stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Trading Down 5.0 %

Shares of ASML stock opened at $658.63 on Monday. ASML Holding has a 1-year low of $654.77 and a 1-year high of $1,110.09. The company’s fifty day simple moving average is $756.70 and its 200-day simple moving average is $881.85. 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 stock has a market capitalization of $259.12 billion, a PE ratio of 34.48, a P/E/G ratio of 1.90 and a beta of 1.51.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities analysts anticipate that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is 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.