Thrivent Financial for Lutherans Has $2.59 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Thrivent Financial for Lutherans raised its stake in ASML Holding (NASDAQ:ASML) by 34.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,108 shares of the semiconductor company’s stock after buying an additional 802 shares during the period. Thrivent Financial for Lutherans’ holdings in ASML were worth $2,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayesian Capital Management LP acquired a new position in ASML in the 1st quarter worth about $270,000. Tidal Investments LLC increased its stake in shares of ASML by 1.4% in the first quarter. Tidal Investments LLC now owns 3,368 shares of the semiconductor company’s stock valued at $3,269,000 after buying an additional 45 shares during the period. Strategic Wealth Partners Ltd. bought a new position in ASML in the 1st quarter valued at approximately $206,000. LRI Investments LLC bought a new position in ASML in the 1st quarter valued at approximately $37,000. Finally, Sanibel Captiva Trust Company Inc. boosted its position in ASML by 9.9% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 777 shares of the semiconductor company’s stock worth $754,000 after buying an additional 70 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Trading Down 1.8 %

NASDAQ ASML opened at $671.97 on Wednesday. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The business has a 50 day simple moving average of $739.87 and a 200 day simple moving average of $870.11. The stock has a market capitalization of $264.37 billion, a P/E ratio of 35.18, a P/E/G ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share 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 company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. Research analysts expect that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. ASML’s dividend payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Company Profile

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.