Capital Market Strategies LLC Invests $796,000 in ASML Holding (NASDAQ:ASML)

Capital Market Strategies LLC purchased a new stake in ASML Holding (NASDAQ:ASML) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,149 shares of the semiconductor company’s stock, valued at approximately $796,000.

A number of other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. grew its holdings in ASML by 24.5% during the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 12 shares during the period. Matrix Private Capital Group LLC lifted its stake in shares of ASML by 5.5% in the 2nd quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 13 shares in the last quarter. Blue Square Asset Management LLC raised its position in ASML by 0.8% in the second quarter. Blue Square Asset Management LLC now owns 1,850 shares of the semiconductor company’s stock valued at $1,892,000 after purchasing an additional 14 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of ASML by 21.2% during the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 14 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 15 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ:ASML traded up $56.50 during trading on Monday, reaching $770.86. 1,833,328 shares of the company traded hands, compared to its average volume of 1,328,780. The company’s 50 day moving average is $693.93 and its two-hundred day moving average is $815.68. The firm has a market capitalization of $303.27 billion, a PE ratio of 40.36, a PEG ratio of 2.07 and a beta of 1.47. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, sell-side analysts predict that ASML Holding will post 20.68 earnings per share for the current 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 $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is currently 29.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ASML shares. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. JPMorgan Chase & Co. decreased their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna dropped their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, Wells Fargo & Company reduced their price objective 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, October 17th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $943.83.

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.