KPP Advisory Services LLC Has $883,000 Holdings in ASML Holding (NASDAQ:ASML)

KPP Advisory Services LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 12.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,060 shares of the semiconductor company’s stock after purchasing an additional 116 shares during the period. KPP Advisory Services LLC’s holdings in ASML were worth $883,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Resources Management Corp CT ADV acquired a new position in ASML in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC bought a new stake in ASML during the second quarter worth about $31,000. Fairway Wealth LLC acquired a new stake in ASML during the third quarter worth about $25,000. First Community Trust NA bought a new position in ASML in the 2nd quarter valued at about $34,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of ASML in the 3rd quarter valued at approximately $28,000. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ASML has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered 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 report on Thursday, October 17th. Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein decreased their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Trading Down 5.0 %

NASDAQ:ASML traded down $34.33 during mid-day trading on Friday, hitting $658.63. 3,063,214 shares of the company’s stock were exchanged, compared to its average volume of 1,440,591. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a fifty-two week low of $654.77 and a fifty-two week high of $1,110.09. The company has a 50 day simple moving average of $756.70 and a 200-day simple moving average of $881.59. The firm has a market capitalization of $259.12 billion, a P/E ratio of 34.48, a PEG ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping 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%. As a group, research analysts expect that ASML Holding will post 20.77 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. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.85%. ASML’s payout ratio 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.