Bank of Hawaii Buys New Shares in ASML Holding (NASDAQ:ASML)

Bank of Hawaii purchased a new position in shares of ASML Holding (NASDAQ:ASML) during the third quarter, HoldingsChannel.com reports. The fund purchased 242 shares of the semiconductor company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently made changes to their positions in ASML. Fairway Wealth LLC purchased a new position in shares of ASML in the 3rd quarter worth $25,000. Resources Management Corp CT ADV acquired a new stake in ASML during the second quarter worth about $26,000. Milestone Investment Advisors LLC acquired a new stake in ASML during the third quarter worth about $28,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the 2nd quarter worth about $31,000. Finally, First Community Trust NA acquired a new position in shares of ASML in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ASML. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna reduced their target price 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. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein cut their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Performance

Shares of ASML stock opened at $684.47 on Tuesday. The company’s fifty day moving average price is $742.55 and its two-hundred day moving average price is $871.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a market capitalization of $269.28 billion, a P/E ratio of 35.84, a P/E/G ratio of 1.95 and a beta of 1.51. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, research analysts anticipate that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is currently 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.