MayTech Global Investments LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

MayTech Global Investments LLC increased its position in ASML Holding (NASDAQ:ASML) by 14.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,050 shares of the semiconductor company’s stock after purchasing an additional 4,102 shares during the quarter. ASML makes up about 3.5% of MayTech Global Investments LLC’s investment portfolio, making the stock its 13th largest holding. MayTech Global Investments LLC’s holdings in ASML were worth $26,706,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

ASML has been the topic of a number of analyst reports. Sanford C. Bernstein dropped their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped 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. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company dropped their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Performance

Shares of NASDAQ ASML opened at $670.48 on Thursday. The firm’s 50-day moving average price is $737.53 and its 200-day moving average price is $868.72. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a market cap of $263.78 billion, a PE ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, analysts anticipate that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) 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.