ASML Holding (NASDAQ:ASML) Shares Bought by Pennant Select LLC

Pennant Select LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 34.7% in the third quarter, Holdings Channel.com reports. The fund owned 20,200 shares of the semiconductor company’s stock after buying an additional 5,200 shares during the quarter. ASML comprises about 11.9% of Pennant Select LLC’s holdings, making the stock its 3rd biggest position. Pennant Select LLC’s holdings in ASML were worth $16,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ASML. Bayesian Capital Management LP acquired a new stake in shares of ASML during the 1st quarter valued at $270,000. Tidal Investments LLC lifted its holdings in shares of ASML by 1.4% in the first quarter. Tidal Investments LLC now owns 3,368 shares of the semiconductor company’s stock valued at $3,269,000 after purchasing an additional 45 shares in the last quarter. Strategic Wealth Partners Ltd. purchased a new stake in shares of ASML in the first quarter valued at $206,000. LRI Investments LLC purchased a new stake in shares of ASML in the first quarter valued at $37,000. Finally, Cetera Investment Advisers lifted its holdings in shares of ASML by 169.4% in the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after purchasing an additional 14,682 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 0.2 %

ASML stock opened at $670.48 on Friday. 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 company’s fifty day moving average price is $734.37 and its two-hundred day moving average price is $867.34. The company has a market capitalization of $263.78 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, analysts forecast that ASML Holding will post 20.68 earnings per share for the current fiscal 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 paid a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

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