King Luther Capital Management Corp Acquires 3,308 Shares of ASML Holding N.V. $ASML

King Luther Capital Management Corp lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 131.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,830 shares of the semiconductor company’s stock after acquiring an additional 3,308 shares during the quarter. King Luther Capital Management Corp’s holdings in ASML were worth $10,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ASML. Boston Common Asset Management LLC purchased a new stake in shares of ASML in the first quarter worth about $4,355,000. Puzo Michael J purchased a new stake in shares of ASML during the 2nd quarter valued at about $1,795,000. Envestnet Asset Management Inc. raised its holdings in shares of ASML by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company’s stock valued at $876,783,000 after buying an additional 27,021 shares during the period. State Street Corp raised its holdings in shares of ASML by 4.4% during the 2nd quarter. State Street Corp now owns 85,872 shares of the semiconductor company’s stock valued at $170,851,000 after buying an additional 3,632 shares during the period. Finally, QRG Capital Management Inc. lifted its position in ASML by 12.5% during the 2nd quarter. QRG Capital Management Inc. now owns 26,167 shares of the semiconductor company’s stock worth $52,057,000 after acquiring an additional 2,913 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on ASML. Argus set a $2,100.00 price target on ASML in a report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Wall Street Zen raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating 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 research note on Wednesday, October 7th. Two 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,204.71.

ASML Trading Down 2.4%

Shares of ASML opened at $1,497.12 on Friday. ASML Holding N.V. has a one year low of $946.11 and a one year high of $1,999.96. The stock has a 50-day moving average price of $1,663.51 and a 200 day moving average price of $1,602.33. 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 company has a market capitalization of $577.02 billion, a P/E ratio of 36.86, a P/E/G ratio of 0.64 and a beta of 1.80.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) 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. Sell-side analysts forecast that ASML Holding N.V. will post 46.51 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were paid a $2.1077 dividend. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. This is a drop from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date was Tuesday, October 27th. ASML’s payout ratio is presently 17.55%.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers. The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.