Victory Capital Management Inc. Increases Stock Position in ASML Holding (NASDAQ:ASML)

Victory Capital Management Inc. boosted its holdings in ASML Holding (NASDAQ:ASML) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,497 shares of the semiconductor company’s stock after buying an additional 1,166 shares during the period. Victory Capital Management Inc.’s holdings in ASML were worth $35,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in ASML during the 3rd quarter worth about $25,000. Resources Management Corp CT ADV bought a new position in shares of ASML in the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC purchased a new position in ASML during the third quarter valued at approximately $28,000. Triad Wealth Partners LLC bought a new stake in ASML during the 2nd quarter worth approximately $31,000. Finally, First Community Trust NA purchased a new stake in ASML in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 5.0 %

Shares of ASML opened at $658.63 on Friday. ASML Holding has a fifty-two week low of $654.77 and a fifty-two week high of $1,110.09. The firm has a market cap of $259.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.95 and a beta of 1.51. The firm has a 50 day moving average price of $756.70 and a 200-day moving average price of $881.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, equities research analysts forecast that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.85%. ASML’s payout ratio is currently 29.21%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $970.60.

About ASML

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.