Bartlett & CO. Wealth Management LLC Purchases 7,019 Shares of ASML Holding (NASDAQ:ASML)

Bartlett & CO. Wealth Management LLC raised its position in shares of ASML Holding (NASDAQ:ASML) by 14.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,458 shares of the semiconductor company’s stock after purchasing an additional 7,019 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in ASML were worth $47,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank increased its position in shares of ASML by 1.0% during the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after purchasing an additional 10 shares during the last quarter. First PREMIER Bank lifted its holdings in shares of ASML by 4.2% in the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after acquiring an additional 11 shares during the last quarter. Investment Partners LTD. grew its holdings in ASML by 1.2% during the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after purchasing an additional 11 shares during the last quarter. Valley National Advisers Inc. boosted its position in shares of 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 buying an additional 12 shares during the period. Finally, Pure Financial Advisors LLC raised its holdings in shares of ASML by 2.8% in the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ASML. JPMorgan Chase & Co. lowered their target price 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. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,018.00.

ASML Stock Up 3.2 %

ASML stock opened at $723.26 on Friday. The business has a fifty day moving average price of $834.43 and a 200-day moving average price of $916.47. ASML Holding has a 1-year low of $573.86 and a 1-year high of $1,110.09. The stock has a market capitalization of $285.39 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.37 earnings per share. Equities research analysts forecast that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, November 17th. Shareholders of record on Tuesday, October 29th will be given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio is presently 28.50%.

About ASML

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.