ASML Holding N.V. $ASML Shares Acquired by Jackson Square Capital LLC

Key Points

• Jackson Square Capital increased its ASML stake by 62.4% in the third quarter, purchasing 1,600 additional shares and bringing its holdings to 4,165 shares valued at approximately $7.55 million. Institutional investors collectively own 26.07% of ASML.
• Analysts maintain a generally positive outlook, with ASML receiving a “Moderate Buy” consensus rating and an average price target of $2,079.12.
• ASML reported quarterly revenue of $13.27 billion and earnings of $14.71 per share. The company reduced its quarterly dividend to $2.1077, equivalent to a 0.5% annualized yield.

Jackson Square Capital LLC lifted its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 62.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,165 shares of the semiconductor company's stock after purchasing an additional 1,600 shares during the quarter. ASML comprises approximately 1.1% of Jackson Square Capital LLC's portfolio, making the stock its 26th biggest position. Jackson Square Capital LLC's holdings in ASML were worth $7,546,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Baron Wealth Management LLC grew its holdings in ASML by 1.8% during 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 during the period. Whitener Capital Management Inc. lifted its holdings in ASML by 2.8% in 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 holdings in ASML by 2.3% in the second 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 during the period. Evolution Wealth Management Inc. boosted its position in shares of ASML by 22.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 7 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its position in shares of ASML by 0.3% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company's stock worth $2,948,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of ASML in a research note on Tuesday, July 7th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $2,100.00 price objective on shares of ASML in a research note on Wednesday, October 7th. Susquehanna reiterated a "positive" rating on shares of ASML in a research note on Tuesday, June 30th. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of ASML from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2,079.12.

ASML Price Performance

ASML stock traded up $26.11 during midday trading on Monday, hitting $1,667.63. 685,842 shares of the stock were exchanged, compared to its average volume of 1,750,561. The stock's 50-day moving average price is $1,739.12 and its 200-day moving average price is $1,673.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The stock has a market cap of $655.84 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 0.70 and a beta of 1.77. ASML Holding N.V. has a fifty-two week low of $946.11 and a fifty-two week high of $1,999.96.

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 return on equity of 64.24% and a net margin of 34.10%. The company had revenue of $13.27 billion for the quarter. Research analysts predict that ASML Holding N.V. will post 45.26 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be given a $2.1077 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $8.43 annualized dividend and a dividend yield of 0.5%. This is a drop from ASML's previous quarterly dividend of $2.1507. ASML's payout ratio is presently 17.90%.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML's product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.

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