Harvest Fund Management Co. Ltd Buys 4,618 Shares of ASML Holding (NASDAQ:ASML)

Harvest Fund Management Co. Ltd grew its position in shares of ASML Holding (NASDAQ:ASML) by 28.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 21,013 shares of the semiconductor company’s stock after acquiring an additional 4,618 shares during the quarter. ASML makes up 1.0% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 20th largest holding. Harvest Fund Management Co. Ltd’s holdings in ASML were worth $17,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank increased its holdings in ASML by 1.0% during the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after buying an additional 10 shares during the last quarter. Valley National Advisers Inc. lifted its position in ASML by 1.1% during the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 12 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 12 shares during the period. First Pacific Financial raised its stake in shares of ASML by 1.1% in the second quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after buying an additional 12 shares during the period. Finally, RMR Wealth Builders grew its stake in shares of ASML by 0.6% during the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock valued at $2,162,000 after acquiring an additional 12 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein dropped their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Susquehanna cut their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Up 0.1 %

Shares of NASDAQ ASML opened at $672.88 on Monday. The stock has a market capitalization of $264.72 billion, a price-to-earnings ratio of 35.23, 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. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $744.92 and its 200-day moving average price is $873.54.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, equities research analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. ASML’s dividend payout ratio (DPR) is presently 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.