Dillon & Associates Inc. Grows Position in ASML Holding (NASDAQ:ASML)

by · The Cerbat Gem

Dillon & Associates Inc. grew its position in shares of ASML Holding (NASDAQ:ASML – Free Report) by 23.2% in the third quarter, Holdings Channel reports. The fund owned 1,499 shares of the semiconductor company’s stock after buying an additional 282 shares during the quarter. Dillon & Associates Inc.’s holdings in ASML were worth $1,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quantbot Technologies LP increased its holdings in shares of ASML by 18.2% in the 1st quarter. Quantbot Technologies LP now owns 468 shares of the semiconductor company’s stock worth $454,000 after buying an additional 72 shares during the last quarter. Russell Investments Group Ltd. increased its stake in ASML by 70.2% during the first quarter. Russell Investments Group Ltd. now owns 29,021 shares of the semiconductor company’s stock worth $28,164,000 after acquiring an additional 11,974 shares during the last quarter. Avantax Advisory Services Inc. raised its position in ASML by 7.9% during the first quarter. Avantax Advisory Services Inc. now owns 5,093 shares of the semiconductor company’s stock valued at $4,943,000 after purchasing an additional 371 shares during the period. William Blair Investment Management LLC lifted its stake in shares of ASML by 2.3% in the 1st quarter. William Blair Investment Management LLC now owns 7,886 shares of the semiconductor company’s stock valued at $7,653,000 after purchasing an additional 176 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of ASML by 350.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 20,270 shares of the semiconductor company’s stock worth $19,671,000 after purchasing an additional 15,770 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ASML has been the subject of several recent analyst reports. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, Wells Fargo & Company decreased their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $970.60.

Check Out Our Latest Research Report on ASML

ASML Price Performance

NASDAQ ASML opened at $669.18 on Wednesday. The company has a market cap of $263.27 billion, a PE ratio of 35.18, a P/E/G ratio of 1.93 and a beta of 1.51. The firm’s 50 day moving average price is $766.92 and its 200-day moving average price is $887.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a 52-week low of $648.27 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML – Get Free Report) last announced its earnings results 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. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Sell-side analysts forecast that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.84%. ASML’s dividend payout ratio (DPR) is 29.21%.

ASML Profile

(Free Report)

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.

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