Stockman Wealth Management Increases Holdings in ASML Holding

Stockman Wealth Management Inc. has raised its stake in ASML Holding (NASDAQ:ASML) by 7.2% during the third quarter as detailed in the firm’s recent 13F filing with the Securities and Exchange Commission. Following the acquisition of an additional 1,032 shares, Stockman now holds a total of 15,361 shares in the semiconductor company.

ASML represents approximately 2.0% of Stockman Wealth Management's entire investment portfolio, making it the 15th largest holding within their assets. As of the latest reporting period, Stockman’s total investment in ASML was valued at around $12,800,000.

Recent Institutional Investments in ASML

A number of other institutional investors and hedge funds have also made moves with ASML shares recently. For instance, Van ECK Associates Corp increased its holdings by an impressive 37.0% during the third quarter, bringing their total to 1,757,049 shares valued at $1.46 billion after acquiring an additional 474,653 shares.

Similarly, GQG Partners LLC grew its investment in ASML by 21.6% in the first quarter, now owning 1,657,878 shares worth around $1.61 billion after purchasing an additional 294,784 shares. Janus Henderson Group PLC also increased its stake by 18.9% in the first quarter, adding 194,357 shares to reach a total of 1,220,210 shares valued at $1.18 billion.

Furthermore, Mercer Global Advisors Inc. ADV made a significant increase in holdings of 4,379.6% in the second quarter, owning 889,875 shares worth $910 million after buying 870,010 additional shares. Dimensional Fund Advisors LP saw a modest increase of 0.3% in their holdings during the same period, now possessing 817,709 shares valued at $836 million. In total, institutional and hedge fund ownership accounts for approximately 26.07% of ASML’s stock.

ASML Stock Performance Overview

On a recent trading day, ASML shares experienced a decline, falling by $7.74 to settle at $669.47 while 1,726,789 shares were traded. This trading volume is below the stock's average volume of around 2,990,437. Financial metrics indicate a quick ratio of 0.84, a current ratio of 1.55, and a manageable debt-to-equity ratio of 0.29. The stock's 50-day simple moving average stands at $771.58, while the 200-day simple moving average is $889.55. The stock has fluctuated within a one-year low of $633.85 and a high of $1,110.09. As it stands, ASML has a market capitalization of $263.38 billion with a price-to-earnings ratio of 35.05 and a price-to-earnings-growth ratio of 1.91.

Recent Earnings and Dividend Announcements

ASML recently announced its quarterly earnings on October 15th, reporting earnings per share (EPS) of $5.80, outperforming estimated EPS of $5.24 by $0.56. The company generated $8.21 billion in revenue during the quarter, which exceeded the analysts' expectations of $7.66 billion. ASML's return on equity was reported at 47.61%, with a net margin of 26.40%. Analysts predict that ASML Holding will report an EPS of 20.77 for the current fiscal year.

The company also declared a quarterly dividend of $1.407, which was paid on November 7th to stockholders who were on record as of October 29th. This results in an annual dividend payout of $5.63, giving a dividend yield of 0.84%. ASML's current dividend payout ratio stands at 29.21%.

Analyst Insights and Price Target Adjustments

ASML has been the subject of various research reports recently. Analysts at Sanford C. Bernstein lowered their price target from $1,052 to $815, maintaining an “outperform” rating. Similarly, Susquehanna revised their target from $1,300 to $1,100, retaining a “positive” rating. UBS Group changed their assessment from a “buy” to a “neutral” rating, while Wells Fargo&Company also adjusted their target down from $1,000 to $790 with an “overweight” designation.

Furthermore, Barclays upgraded their rating from “equal weight” to “overweight.” Currently, three analysts have a hold rating on the stock, nine have given it a buy rating, and two have assigned a strong buy rating, leading to an average recommendation of a “Moderate Buy” and a target price of $970.60.

Profile of ASML Holding N.V.

ASML Holding N.V. specializes in the development, production, marketing, sale, and service of advanced semiconductor equipment systems tailored for chipmakers. The company provides comprehensive semiconductor manufacturing solutions, including lithography, metrology, and inspection systems. Their technology portfolios include extreme ultraviolet lithography systems as well as deep ultraviolet lithography systems, enabling the fabrication of a wide variety of semiconductor nodes and technologies.

ASML, Investment, Stock