Phoenix Financial Ltd. Buys 2,518 Shares of ASML Holding N.V. $ASML

Phoenix Financial Ltd. boosted its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 170.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,997 shares of the semiconductor company’s stock after buying an additional 2,518 shares during the period. Phoenix Financial Ltd.’s holdings in ASML were worth $7,249,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Baron Wealth Management LLC increased its position in shares of ASML by 1.8% in the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock worth $662,000 after acquiring an additional 6 shares in the last quarter. Whitener Capital Management Inc. raised its holdings in shares of ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock valued at $434,000 after acquiring an additional 6 shares during the period. Founders Financial Alliance LLC lifted its position in shares of ASML by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 6 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of ASML by 0.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock valued at $2,948,000 after acquiring an additional 7 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in ASML by 2.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 364 shares of the semiconductor company’s stock worth $724,000 after purchasing an additional 7 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ASML. Weiss Ratings cut shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $2,100.00 target price on shares of ASML in a report on Wednesday, October 7th. Wall Street Zen upgraded ASML from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,204.71.

ASML Stock Down 0.1%

Shares of ASML stock traded down $1.96 on Friday, hitting $1,495.16. 1,362,733 shares of the company traded hands, compared to its average volume of 1,710,263. ASML Holding N.V. has a 12-month low of $946.11 and a 12-month high of $1,999.96. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09. The company has a market cap of $576.26 billion, a PE ratio of 36.81, a PEG ratio of 0.62 and a beta of 1.80. The company has a 50-day moving average price of $1,660.49 and a 200 day moving average price of $1,602.53.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. The business had revenue of $13.27 billion during the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. Sell-side analysts predict that ASML Holding N.V. will post 46.51 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were paid a dividend of $2.1077 per share. This is a drop from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. ASML’s dividend payout ratio (DPR) is 17.55%.

ASML Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers. The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.