ASML Holding (NASDAQ:ASML) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its stake in shares of ASML Holding (NASDAQ:ASML) by 30.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,690 shares of the semiconductor company’s stock after acquiring an additional 1,543 shares during the period. Zions Bancorporation N.A.’s holdings in ASML were worth $5,574,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Huntington National Bank increased its position in shares of ASML by 17.4% during the third quarter. Huntington National Bank now owns 1,187 shares of the semiconductor company’s stock valued at $989,000 after acquiring an additional 176 shares during the last quarter. Cable Hill Partners LLC increased its position in shares of ASML by 3.7% during the third quarter. Cable Hill Partners LLC now owns 1,015 shares of the semiconductor company’s stock valued at $846,000 after acquiring an additional 36 shares during the last quarter. ICICI Prudential Asset Management Co Ltd increased its position in shares of ASML by 23.1% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 1,230 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 231 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of ASML by 6.4% in the third quarter. Kovack Advisors Inc. now owns 467 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 28 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of ASML by 10.5% in the third quarter. Oppenheimer & Co. Inc. now owns 4,280 shares of the semiconductor company’s stock valued at $3,566,000 after purchasing an additional 407 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ASML. Susquehanna dropped their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Price Performance

NASDAQ:ASML opened at $673.41 on Thursday. The firm has a market cap of $264.93 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51. 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 company’s 50-day moving average is $760.64 and its two-hundred day moving average is $884.66. ASML Holding has a 12-month low of $654.77 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Research analysts expect that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued 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 0.84%. ASML’s dividend payout ratio (DPR) is 29.21%.

ASML 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.