Thurston Springer Miller Herd & Titak Inc. Decreases Stock Position in ASML Holding N.V. $ASML

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in ASML Holding N.V. (NASDAQ:ASML) by 94.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 101 shares of the semiconductor company’s stock after selling 1,711 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in ASML were worth $98,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ASML. T. Rowe Price Investment Management Inc. acquired a new stake in ASML in the 1st quarter worth approximately $360,262,000. Amundi raised its holdings in shares of ASML by 91.6% in the first quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock worth $403,215,000 after buying an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. lifted its stake in shares of ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after buying an additional 268,172 shares during the period. Fisher Asset Management LLC grew its holdings in shares of ASML by 6.3% during the second quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock valued at $3,401,304,000 after buying an additional 250,934 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of ASML by 114.3% in the 2nd quarter. Acadian Asset Management LLC now owns 329,878 shares of the semiconductor company’s stock valued at $264,333,000 after acquiring an additional 175,939 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 5.6%

Shares of NASDAQ:ASML opened at $1,015.43 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,141.72. The business has a 50 day moving average of $1,042.84 and a two-hundred day moving average of $883.42. The company has a market capitalization of $399.35 billion, a PE ratio of 41.33, a PEG ratio of 1.67 and a beta of 1.87.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the firm earned $5.28 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. The ex-dividend date was Wednesday, October 29th. ASML’s payout ratio is currently 25.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ASML. Mizuho raised ASML from a “neutral” rating to an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. upped their target price on ASML from $1,175.00 to $1,275.00 and gave the company a “buy” rating in a research report on Monday, December 1st. HSBC reissued a “buy” rating on shares of ASML in a research report on Friday, October 17th. Finally, Rothschild Redb raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,171.83.

ASML Profile

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.