Sather Financial Group Inc Invests $210,000 in ASML Holding (NASDAQ:ASML)

Sather Financial Group Inc purchased a new stake in shares of ASML Holding (NASDAQ:ASML) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 252 shares of the semiconductor company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after acquiring an additional 870,010 shares during the period. Fayez Sarofim & Co bought a new position in ASML in the 1st quarter worth $542,710,000. International Assets Investment Management LLC lifted its position in shares of ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares during the period. Van ECK Associates Corp boosted its stake in shares of ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Finally, GQG Partners LLC increased its position in shares of ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $658.63 on Friday. ASML Holding has a 1 year low of $654.77 and a 1 year high of $1,110.09. The firm’s 50-day moving average is $756.70 and its 200 day moving average is $881.65. The stock 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 company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Sell-side analysts anticipate that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on ASML shares. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Sanford C. Bernstein lowered their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Susquehanna reduced their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company dropped their target price 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. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.