Spear Holdings RSC Ltd Invests $92.01 Million in ASML Holding (NASDAQ:ASML)

Spear Holdings RSC Ltd acquired a new position in shares of ASML Holding (NASDAQ:ASML) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 110,835 shares of the semiconductor company’s stock, valued at approximately $92,006,000. ASML makes up approximately 92.2% of Spear Holdings RSC Ltd’s holdings, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. Resources Management Corp CT ADV bought a new stake in ASML during the 2nd quarter worth about $26,000. WD Rutherford LLC bought a new stake in ASML during the first quarter worth about $29,000. Triad Wealth Partners LLC acquired a new position in ASML during the second quarter valued at approximately $31,000. First Community Trust NA bought a new position in ASML in the second quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC bought a new stake in shares of ASML during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ASML shares. 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. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Susquehanna reduced their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,018.00.

ASML Stock Up 2.5 %

Shares of ASML opened at $700.60 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $276.45 billion, a PE ratio of 35.78, a P/E/G ratio of 2.08 and a beta of 1.48. The firm’s 50 day moving average is $837.18 and its 200-day moving average is $918.35. ASML Holding has a 12 month low of $573.86 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company earned $5.37 EPS. Equities research analysts forecast that ASML Holding will post 20.38 EPS for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, November 17th. Investors of record on Tuesday, October 29th will be paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

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.