Inspire Advisors LLC Purchases 508 Shares of ASML Holding (NASDAQ:ASML)

Inspire Advisors LLC increased its position in shares of ASML Holding (NASDAQ:ASML) by 51.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,501 shares of the semiconductor company’s stock after purchasing an additional 508 shares during the period. Inspire Advisors LLC’s holdings in ASML were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trust Point Inc. lifted its holdings in shares of ASML by 6.3% in the third quarter. Trust Point Inc. now owns 592 shares of the semiconductor company’s stock worth $493,000 after acquiring an additional 35 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in ASML by 24.5% in the third quarter. Aaron Wealth Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $1,976,000 after purchasing an additional 466 shares during the period. Stonegate Investment Group LLC boosted its holdings in ASML by 31.8% in the third quarter. Stonegate Investment Group LLC now owns 1,597 shares of the semiconductor company’s stock worth $1,331,000 after acquiring an additional 385 shares in the last quarter. Spear Holdings RSC Ltd acquired a new position in ASML during the third quarter worth $92,006,000. Finally, Onyx Bridge Wealth Group LLC lifted its position in ASML by 50.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 347 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna decreased their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,018.00.

ASML Price Performance

NASDAQ:ASML traded up $20.82 during trading hours on Friday, hitting $721.42. 2,393,561 shares of the stock were exchanged, compared to its average volume of 1,369,848. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $837.18 and its 200 day moving average price is $918.35. The company has a market cap of $284.66 billion, a P/E ratio of 37.06, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a 52-week low of $573.86 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the firm earned $5.37 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Stockholders of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.78%. ASML’s payout ratio is presently 28.50%.

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.