Jackson Square Capital LLC Acquires 1,600 Shares of ASML Holding N.V. $ASML

Jackson Square Capital LLC lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 62.4% in the third quarter, HoldingsChannel reports. The firm owned 4,165 shares of the semiconductor company’s stock after acquiring an additional 1,600 shares during the period. ASML makes up about 1.1% of Jackson Square Capital LLC’s portfolio, making the stock its 26th biggest holding. Jackson Square Capital LLC’s holdings in ASML were worth $7,546,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kaufman Rossin Wealth LLC acquired a new stake in ASML during the 3rd quarter valued at $266,000. SteelPeak Wealth LLC increased its position in ASML by 30.0% during the third quarter. SteelPeak Wealth LLC now owns 906 shares of the semiconductor company’s stock worth $1,642,000 after buying an additional 209 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of ASML by 2.4% in the third quarter. IFP Advisors Inc now owns 3,172 shares of the semiconductor company’s stock worth $5,747,000 after acquiring an additional 75 shares during the last quarter. Finer Wealth Management Inc. raised its holdings in shares of ASML by 0.6% in the third quarter. Finer Wealth Management Inc. now owns 1,657 shares of the semiconductor company’s stock worth $3,002,000 after acquiring an additional 10 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in shares of ASML by 3.1% in the third quarter. Robertson Stephens Wealth Management LLC now owns 2,492 shares of the semiconductor company’s stock worth $4,515,000 after acquiring an additional 75 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Up 1.6%

Shares of ASML stock traded up $26.11 during mid-day trading on Monday, hitting $1,667.63. 685,842 shares of the company’s stock were exchanged, compared to its average volume of 1,750,561. ASML Holding N.V. has a fifty-two week low of $946.11 and a fifty-two week high of $1,999.96. The stock has a 50-day simple moving average of $1,739.12 and a two-hundred day simple moving average of $1,673.60. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09. 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 (NASDAQ:ASML) last released its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. The firm had revenue of $13.27 billion during the quarter. Equities analysts expect that ASML Holding N.V. will post 45.26 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $2.1077 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.5%. This is a decrease from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio is currently 17.90%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ASML shares. Citigroup restated a “buy” rating on shares of ASML in a research report on Thursday. Sanford C. Bernstein lifted their price objective on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of ASML from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Argus set a $2,100.00 target price on shares of ASML in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $2,100.00 target price on shares of ASML in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,079.12.

ASML 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.