Charles Schwab Investment Management Inc. Acquires 3,000 Shares of ASML Holding (NASDAQ:ASML)

Charles Schwab Investment Management Inc. boosted its stake in shares of ASML Holding (NASDAQ:ASML) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,472 shares of the semiconductor company’s stock after buying an additional 3,000 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ASML were worth $41,223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Taurus Asset Management LLC bought a new stake in ASML in the 3rd quarter worth about $16,994,000. Stockman Wealth Management Inc. increased its stake in shares of ASML by 7.2% in the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares in the last quarter. US Bancorp DE raised its stake in shares of ASML by 7.5% in the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock worth $39,664,000 after buying an additional 3,321 shares during the period. Principal Financial Group Inc. raised its stake in ASML by 104.4% during the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after acquiring an additional 3,580 shares during the period. Finally, Vantage Investment Partners LLC raised its position in shares of ASML by 8.5% during the 3rd quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock valued at $28,970,000 after purchasing an additional 2,736 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Up 3.6 %

Shares of ASML opened at $711.47 on Tuesday. The company’s 50-day moving average price is $732.20 and its 200 day moving average price is $864.88. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. 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 market cap of $279.91 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.51.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion for 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%. On average, sell-side analysts forecast that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The company also recently disclosed 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 was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. ASML’s payout ratio is presently 29.21%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $961.00.

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.