Sumitomo Mitsui Trust Group Inc. Acquires 2,652 Shares of ASML Holding (NASDAQ:ASML)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of ASML Holding (NASDAQ:ASML) by 25.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,906 shares of the semiconductor company’s stock after acquiring an additional 2,652 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in ASML were worth $10,754,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company decreased their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Sanford C. Bernstein reduced their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

ASML stock opened at $658.63 on Monday. ASML Holding has a 12 month low of $654.77 and a 12 month high of $1,110.09. The firm has a market capitalization of $259.12 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $756.70 and a 200-day moving average of $881.85.

ASML (NASDAQ:ASML) last announced its 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. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. As a group, sell-side analysts predict that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

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

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.