Fiduciary Trust Co Raises Stock Position in ASML Holding (NASDAQ:ASML)

Fiduciary Trust Co grew its holdings in ASML Holding (NASDAQ:ASML) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,542 shares of the semiconductor company’s stock after acquiring an additional 40 shares during the period. Fiduciary Trust Co’s holdings in ASML were worth $2,118,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several research firms have commented on ASML. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. decreased their price objective 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. Wells Fargo & Company cut their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $961.00.

ASML Price Performance

ASML stock opened at $686.61 on Friday. The stock has a market cap of $270.13 billion, a PE ratio of 35.95, a P/E/G ratio of 1.95 and a beta of 1.51. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a 50-day moving average price of $732.20 and a 200 day moving average price of $865.74. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its 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 business had revenue of $8.21 billion during 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%. 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 declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is presently 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.