Victory Capital Management Inc. Acquires 1,166 Shares of ASML Holding (NASDAQ:ASML)

Victory Capital Management Inc. raised its holdings in ASML Holding (NASDAQ:ASML) by 2.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 42,497 shares of the semiconductor company’s stock after buying an additional 1,166 shares during the quarter. Victory Capital Management Inc.’s holdings in ASML were worth $35,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASML. Hilltop National Bank increased its position in ASML by 1.0% during the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after purchasing an additional 10 shares during the period. Valley National Advisers Inc. lifted its holdings in ASML by 1.1% in the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after buying an additional 12 shares during the period. Pure Financial Advisors LLC boosted its position in ASML by 2.8% during the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after acquiring an additional 12 shares in the last quarter. First Pacific Financial grew its holdings in shares of ASML by 1.1% during the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 12 shares during the period. Finally, RMR Wealth Builders raised its position in shares of ASML by 0.6% in the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock worth $2,162,000 after acquiring an additional 12 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ASML shares. JPMorgan Chase & Co. reduced their price target on 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. Sanford C. Bernstein decreased their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company decreased their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three equities research 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 MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

Shares of ASML opened at $658.63 on Friday. The company has a market capitalization of $259.12 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. ASML Holding has a twelve month low of $654.77 and a twelve month high of $1,110.09. 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 firm has a 50 day moving average of $756.70 and a 200 day moving average of $881.59.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. As a group, equities research analysts anticipate that ASML Holding will post 20.77 earnings per share for the current fiscal 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 dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is presently 29.21%.

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.