2,800 ASML Holding N.V. $ASML Shares Acquired by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its ASML stake 13.4% in the third quarter, adding 2,800 shares and bringing its holdings to 23,757 shares, valued at about $43 million.
• Other institutional investors also added to or initiated positions; institutional investors collectively own 26.07% of ASML shares.
• ASML reported quarterly earnings of $14.71 per share on $13.27 billion in revenue and reduced its quarterly dividend to $2.1077 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $2,204.71.

Kestra Advisory Services LLC boosted its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 13.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,757 shares of the semiconductor company's stock after buying an additional 2,800 shares during the quarter. Kestra Advisory Services LLC's holdings in ASML were worth $43,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Boston Common Asset Management LLC bought a new stake in shares of ASML in the first quarter valued at approximately $4,355,000. Puzo Michael J bought a new position in ASML in the 2nd quarter worth approximately $1,795,000. Envestnet Asset Management Inc. grew its stake in ASML by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company's stock valued at $876,783,000 after buying an additional 27,021 shares in the last quarter. State Street Corp grew its stake in ASML by 4.4% in the 2nd quarter. State Street Corp now owns 85,872 shares of the semiconductor company's stock valued at $170,851,000 after buying an additional 3,632 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in ASML by 12.5% in the 2nd quarter. QRG Capital Management Inc. now owns 26,167 shares of the semiconductor company's stock valued at $52,057,000 after buying an additional 2,913 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

Shares of ASML stock traded up $68.10 during trading hours on Friday, reaching $1,424.75. The stock had a trading volume of 1,902,471 shares, compared to its average volume of 1,583,467. The stock's fifty day simple moving average is $1,677.25 and its 200 day simple moving average is $1,599.85. The firm has a market capitalization of $549.13 billion, a PE ratio of 35.08, a PEG ratio of 0.63 and a beta of 1.80. 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 current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The business had revenue of $13.27 billion for the quarter. On average, equities research analysts predict that ASML Holding N.V. will post 46.54 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were given a dividend of $2.1077 per share. This is a drop from ASML's previous quarterly dividend of $2.1507. The ex-dividend date 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 is 17.55%.

Analysts Set New Price Targets

ASML has been the topic of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. DZ Bank raised ASML from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Cantor Fitzgerald reiterated an "overweight" rating on shares of ASML in a research report on Monday, September 14th. JPMorgan Chase & Co. decreased their price objective on ASML from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a research note on Thursday, October 15th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $2,100.00 price objective on shares of ASML in a report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $2,204.71.

About ASML

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.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.

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