Nwam LLC Takes Position in ASML Holding (NASDAQ:ASML)

Nwam LLC acquired a new stake in ASML Holding (NASDAQ:ASML) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,149 shares of the semiconductor company’s stock, valued at approximately $1,791,000.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in ASML during the third quarter worth $25,000. Resources Management Corp CT ADV bought a new position in ASML during the second quarter worth $26,000. Milestone Investment Advisors LLC bought a new position in ASML during the third quarter worth $28,000. Triad Wealth Partners LLC bought a new position in ASML during the second quarter worth $31,000. Finally, First Community Trust NA bought a new position in ASML during the second quarter worth $34,000. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on ASML shares. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna lowered their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Performance

Shares of ASML stock opened at $672.88 on Friday. The firm has a 50-day moving average of $744.92 and a 200-day moving average of $874.05. The company has a market cap of $264.72 billion, a P/E ratio of 35.23, a P/E/G ratio of 1.92 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities research analysts forecast that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.84%. ASML’s payout ratio is currently 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.