Veracity Capital LLC Has $431,000 Stock Position in ASML Holding (NASDAQ:ASML)

Veracity Capital LLC increased its stake in ASML Holding (NASDAQ:ASML) by 16.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 517 shares of the semiconductor company’s stock after purchasing an additional 74 shares during the period. Veracity Capital LLC’s holdings in ASML were worth $431,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ASML. Chicago Capital LLC raised its position in shares of ASML by 0.5% in the 3rd quarter. Chicago Capital LLC now owns 59,533 shares of the semiconductor company’s stock valued at $49,606,000 after buying an additional 294 shares in the last quarter. Northside Capital Management LLC bought a new position in ASML in the third quarter valued at approximately $207,000. Commonwealth Equity Services LLC raised its position in ASML by 4.2% during the third quarter. Commonwealth Equity Services LLC now owns 44,619 shares of the semiconductor company’s stock valued at $37,179,000 after purchasing an additional 1,801 shares in the last quarter. Legacy Financial Strategies LLC lifted its stake in ASML by 3.2% during the third quarter. Legacy Financial Strategies LLC now owns 1,126 shares of the semiconductor company’s stock worth $938,000 after purchasing an additional 35 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in shares of ASML by 14,220.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 12,888 shares of the semiconductor company’s stock valued at $10,739,000 after purchasing an additional 12,798 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 3.2 %

Shares of NASDAQ:ASML opened at $723.26 on Friday. The firm has a market cap of $285.39 billion, a P/E ratio of 36.94, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a 12-month low of $573.86 and a 12-month high of $1,110.09. The business has a fifty day simple moving average of $834.43 and a 200 day simple moving average of $916.12. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.37 EPS. Analysts predict that ASML Holding will post 20.38 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 17th. Investors of record on Tuesday, October 29th will be issued a $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.78%. ASML’s payout ratio is 28.50%.

Wall Street Analyst Weigh In

ASML has been the topic of several research analyst reports. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. decreased their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,018.00.

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.