Citizens Financial Group Inc. RI Raises Stake in ASML Holding (NASDAQ:ASML)

Citizens Financial Group Inc. RI raised its position in ASML Holding (NASDAQ:ASML) by 33.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262 shares of the semiconductor company’s stock after purchasing an additional 65 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in ASML were worth $218,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ASML. Moran Wealth Management LLC boosted its stake in ASML by 7.0% during the third quarter. Moran Wealth Management LLC now owns 5,593 shares of the semiconductor company’s stock worth $4,660,000 after buying an additional 367 shares during the period. Moors & Cabot Inc. increased its holdings in ASML by 4.1% during the 3rd quarter. Moors & Cabot Inc. now owns 1,165 shares of the semiconductor company’s stock worth $971,000 after purchasing an additional 46 shares during the period. Value Aligned Research Advisors LLC acquired a new stake in ASML in the third quarter valued at approximately $504,000. First Horizon Advisors Inc. raised its holdings in shares of ASML by 31.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 856 shares of the semiconductor company’s stock valued at $713,000 after purchasing an additional 203 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in ASML by 6.4% during the 3rd quarter. Howe & Rusling Inc. now owns 5,263 shares of the semiconductor company’s stock worth $4,386,000 after buying an additional 317 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASML has been the subject of several recent analyst reports. Sanford C. Bernstein reduced their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company reduced their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three investment 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Trading Up 0.1 %

ASML stock opened at $672.88 on Friday. The stock has a market cap of $264.73 billion, a PE ratio of 35.23, a P/E/G ratio of 1.95 and a beta of 1.51. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $744.92 and a 200 day moving average price of $873.81.

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

ASML Cuts Dividend

The company also recently disclosed 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. 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 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.