Circle Wealth Management LLC Grows Stock Position in ASML Holding (NASDAQ:ASML)

Circle Wealth Management LLC grew its position in shares of ASML Holding (NASDAQ:ASML) by 39.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,042 shares of the semiconductor company’s stock after purchasing an additional 295 shares during the period. Circle Wealth Management LLC’s holdings in ASML were worth $868,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC boosted its position in ASML by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after buying an additional 31,879 shares during the last quarter. Edgewood Management LLC increased its holdings in ASML by 3.3% during the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after purchasing an additional 70,776 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after buying an additional 474,653 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in ASML by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock valued at $836,300,000 after acquiring an additional 2,085 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of NASDAQ ASML opened at $686.61 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The business’s 50-day moving average price is $732.20 and its two-hundred day moving average price is $865.74. The company has a market capitalization of $270.13 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

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

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is presently 29.21%.

Analysts Set New Price Targets

A number of research firms recently commented on ASML. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein lowered their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Wells Fargo & Company reduced 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, October 17th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $961.00.

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.