Versant Capital Management Inc Invests $76,000 in ASML Holding (NASDAQ:ASML)

Versant Capital Management Inc bought a new position in shares of ASML Holding (NASDAQ:ASML) in the fourth quarter, Holdings Channel.com reports. The fund bought 109 shares of the semiconductor company’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of ASML by 104.4% during the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock valued at $5,840,000 after purchasing an additional 3,580 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of ASML by 2.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,977 shares of the semiconductor company’s stock worth $4,980,000 after buying an additional 164 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of ASML in the 3rd quarter valued at $4,166,000. Milestone Resources Group Ltd lifted its position in shares of ASML by 0.6% during the 3rd quarter. Milestone Resources Group Ltd now owns 14,115 shares of the semiconductor company’s stock valued at $11,761,000 after acquiring an additional 91 shares during the period. Finally, FFG Partners LLC bought a new position in ASML during the third quarter worth $341,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $714.36 on Friday. The stock has a market cap of $281.04 billion, a P/E ratio of 37.40, a P/E/G ratio of 2.07 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average price is $693.93 and its two-hundred day moving average price is $819.09. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, equities analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ASML shares. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. cut their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $943.83.

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.