Avestar Capital LLC Has $646,000 Holdings in ASML Holding (NASDAQ:ASML)

Avestar Capital LLC increased its stake in shares of ASML Holding (NASDAQ:ASML) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 775 shares of the semiconductor company’s stock after acquiring an additional 21 shares during the quarter. Avestar Capital LLC’s holdings in ASML were worth $646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in ASML in the third quarter worth about $43,000. Quantbot Technologies LP raised its stake in shares of ASML by 23.5% during the third quarter. Quantbot Technologies LP now owns 8,056 shares of the semiconductor company’s stock worth $6,713,000 after buying an additional 1,531 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of ASML by 8.9% during the third quarter. D.A. Davidson & CO. now owns 3,542 shares of the semiconductor company’s stock worth $2,951,000 after buying an additional 289 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new position in ASML in the third quarter valued at approximately $2,250,000. Finally, Bank of Montreal Can boosted its stake in ASML by 38.3% in the third quarter. Bank of Montreal Can now owns 164,122 shares of the semiconductor company’s stock valued at $138,116,000 after acquiring an additional 45,475 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

ASML has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, 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 note on Monday, October 21st. Three 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 company. According to data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Down 1.8 %

NASDAQ:ASML opened at $671.97 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $739.87 and its two-hundred day moving average price is $870.11. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The firm has a market capitalization of $264.37 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal 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 given a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.84%. ASML’s dividend payout ratio (DPR) is presently 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.