Provenance Wealth Advisors LLC Purchases 3,355 Shares of ASML Holding N.V. $ASML

Provenance Wealth Advisors LLC grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 4,659.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,427 shares of the semiconductor company’s stock after buying an additional 3,355 shares during the period. Provenance Wealth Advisors LLC’s holdings in ASML were worth $6,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrity Alliance LLC. boosted its position in ASML by 46.4% during the third quarter. Integrity Alliance LLC. now owns 363 shares of the semiconductor company’s stock worth $658,000 after purchasing an additional 115 shares during the period. Integrity Advisory Solutions LLC increased its stake in shares of ASML by 40.0% in the third quarter. Integrity Advisory Solutions LLC now owns 224 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 64 shares in the last quarter. Summa Corp. raised its position in shares of ASML by 20.3% in the third quarter. Summa Corp. now owns 160 shares of the semiconductor company’s stock valued at $290,000 after purchasing an additional 27 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its position in shares of ASML by 4.9% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,123 shares of the semiconductor company’s stock valued at $7,471,000 after purchasing an additional 194 shares during the period. Finally, Greenfield Seitz Capital Management LLC lifted its stake in shares of ASML by 15.2% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 3,250 shares of the semiconductor company’s stock valued at $5,888,000 after buying an additional 428 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 1.7%

ASML stock opened at $1,552.14 on Wednesday. The stock has a 50-day simple moving average of $1,696.20 and a two-hundred day simple moving average of $1,598.54. ASML Holding N.V. has a twelve month low of $946.11 and a twelve month high of $1,999.96. The firm has a market capitalization of $598.23 billion, a PE ratio of 38.21, a PEG ratio of 0.63 and a beta of 1.80. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09.

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

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be issued a dividend of $2.1077 per share. This is a drop from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a yield of 0.5%. ASML’s payout ratio is currently 17.55%.

Analysts Set New Price Targets

Several research firms recently commented on ASML. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Monday, September 28th. Wall Street Zen upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Barclays reissued an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Weiss Ratings downgraded ASML from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Thursday, October 15th. Three 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,079.12.

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.