Net Worth Advisory Group Invests $879,000 in ASML Holding (NASDAQ:ASML)

Net Worth Advisory Group bought a new stake in ASML Holding (NASDAQ:ASML) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 1,055 shares of the semiconductor company’s stock, valued at approximately $879,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. Resources Management Corp CT ADV acquired a new position in shares of ASML in the second quarter valued at about $26,000. WD Rutherford LLC acquired a new stake in ASML during the first quarter worth about $29,000. Triad Wealth Partners LLC acquired a new position in ASML in the second quarter valued at approximately $31,000. First Community Trust NA purchased a new stake in ASML in the 2nd quarter worth approximately $34,000. Finally, POM Investment Strategies LLC purchased a new position in shares of ASML during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 3.2 %

Shares of NASDAQ ASML opened at $723.26 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $834.43 and a 200 day moving average of $916.47. ASML Holding has a 12-month low of $573.86 and a 12-month high of $1,110.09. The stock has a market cap of $285.39 billion, a PE ratio of 36.94, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.37 earnings per share. As a group, sell-side analysts predict that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ASML. Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday. 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. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,018.00.

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.