Kingfisher Capital LLC Has $1.68 Million Holdings in ASML Holding (NASDAQ:ASML)

Kingfisher Capital LLC cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,021 shares of the semiconductor company’s stock after selling 81 shares during the quarter. Kingfisher Capital LLC’s holdings in ASML were worth $1,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Taurus Asset Management LLC acquired a new position in ASML in the 3rd quarter valued at $16,994,000. Stockman Wealth Management Inc. raised its stake in ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares in the last quarter. US Bancorp DE lifted its position in ASML by 7.5% during the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock worth $39,664,000 after purchasing an additional 3,321 shares during the period. Principal Financial Group Inc. grew its stake in ASML by 104.4% during the third quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after buying an additional 3,580 shares in the last quarter. Finally, Vantage Investment Partners LLC increased its holdings in ASML by 8.5% in the 3rd quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock valued at $28,970,000 after buying an additional 2,736 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 0.2 %

Shares of NASDAQ ASML opened at $670.48 on Friday. 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 market cap of $263.78 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The company has a 50 day simple moving average of $734.37 and a 200 day simple moving average of $867.34.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, research analysts forecast that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ASML shares. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna decreased 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 lowered their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

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.