Hobbs Group Advisors LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

Hobbs Group Advisors LLC raised its holdings in ASML Holding (NASDAQ:ASML) by 13.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 237 shares of the semiconductor company’s stock after acquiring an additional 29 shares during the quarter. Hobbs Group Advisors LLC’s holdings in ASML were worth $198,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Fisher Asset Management LLC increased its position in shares of ASML by 1.0% in the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after purchasing an additional 31,879 shares during the last quarter. Edgewood Management LLC grew its stake in ASML by 3.3% in the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after buying an additional 70,776 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of ASML by 37.0% in the 3rd 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 last quarter. Mercer Global Advisors Inc. ADV raised its position 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 valued at $910,102,000 after buying an additional 870,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of ASML by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock worth $836,300,000 after acquiring an additional 2,085 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Down 0.2 %

Shares of NASDAQ ASML opened at $705.27 on Wednesday. The firm’s fifty day moving average is $718.47 and its 200 day moving average is $855.80. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a market cap of $277.47 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.06 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, equities research analysts expect that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ASML shares. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna decreased their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $943.83.

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.