ASML Holding (NASDAQ:ASML) Position Raised by Paragon Advisors LLC

Paragon Advisors LLC boosted its holdings in ASML Holding (NASDAQ:ASML) by 3.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,967 shares of the semiconductor company’s stock after purchasing an additional 251 shares during the quarter. ASML comprises approximately 1.9% of Paragon Advisors LLC’s portfolio, making the stock its 10th biggest position. Paragon Advisors LLC’s holdings in ASML were worth $5,806,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ASML. Mercer Global Advisors Inc. ADV grew its stake in shares of ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after purchasing an additional 870,010 shares during the period. Fayez Sarofim & Co purchased a new position in ASML in the 1st quarter valued at about $542,710,000. International Assets Investment Management LLC raised its holdings in ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after acquiring an additional 491,096 shares during the last quarter. Van ECK Associates Corp lifted its position in ASML by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after buying an additional 474,653 shares during the period. Finally, GQG Partners LLC boosted its position in shares of ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML stock opened at $658.63 on Friday. The stock has a market cap of $259.12 billion, a PE ratio of 34.48, a PEG ratio of 1.95 and a beta of 1.51. ASML Holding has a 52-week low of $654.77 and a 52-week high of $1,110.09. The firm’s 50 day moving average price is $756.70 and its two-hundred day moving average price is $881.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

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

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price target 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. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna dropped 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. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

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.