Morse Asset Management Inc Takes $52,000 Position in ASML Holding (NASDAQ:ASML)

Morse Asset Management Inc acquired a new position in ASML Holding (NASDAQ:ASML) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62 shares of the semiconductor company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASML. Mercer Global Advisors Inc. ADV grew its stake in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after purchasing an additional 870,010 shares in the last quarter. International Assets Investment Management LLC grew its stake in ASML by 94,079.7% in the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares in the last quarter. Van ECK Associates Corp grew its stake in ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Tairen Capital Ltd grew its stake in ASML by 321.2% in the second quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company’s stock worth $207,559,000 after purchasing an additional 154,760 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in ASML during the 3rd quarter valued at $125,952,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ASML shares. 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 research report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna dropped 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, BNP Paribas started coverage on ASML in a research report on Tuesday. They set an “outperform” rating and a $858.00 target price on the stock. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $943.83.

ASML Stock Performance

Shares of ASML opened at $719.92 on Thursday. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The stock has a fifty day moving average price of $726.48 and a 200-day moving average price of $860.97. 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 firm has a market cap of $283.23 billion, a PE ratio of 37.69, a P/E/G ratio of 2.06 and a beta of 1.49.

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 analysts’ consensus estimates of $5.24 by $0.56. The company 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 predict that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. ASML’s dividend payout ratio (DPR) 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.