Stockman Wealth Management Inc. Buys More Shares in ASML Holding

Stockman Wealth Management Inc. has raised its investment 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 this adjustment, the wealth management company now owns 15,361 shares of the semiconductor firm after acquiring an additional 1,032 shares during the quarter. ASML represents about 2.0% of Stockman Wealth Management's total portfolio, making it the company's 15th largest holding. As of the latest reporting date, Stockman Wealth Management's stake in ASML was valued at approximately $12,800,000.

Institutional Investments in ASML

Other institutional investors and hedge funds have also made moves regarding ASML shares. For instance, Van ECK Associates Corp increased its holdings by 37.0% in the third quarter, owning 1,757,049 shares valued at around $1.46 billion after purchasing an additional 474,653 shares. Similarly, GQG Partners LLC raised its stake by 21.6%, acquiring 294,784 more shares, bringing its total to 1,657,878 shares valued at about $1.6 billion. Meanwhile, Janus Henderson Group PLC increased its position by 18.9%, owning 1,220,210 shares after acquiring an additional 194,357 shares. Mercer Global Advisors Inc. ADV significantly increased its stake by 4,379.6%, owning 889,875 shares valued at $910 million after buying 870,010 shares. Additionally, Dimensional Fund Advisors LP slightly raised its stake by 0.3%, owning 817,709 shares worth approximately $836 million. Currently, institutional investors hold around 26.07% of ASML's stock.

ASML Stock Overview

On Friday, shares of ASML (NASDAQ:ASML) dropped by $7.74 to $669.47 during mid-day trading, with a total of 1,726,789 shares exchanged, below the average volume of 2,990,437. The company has a quick ratio of 0.84, a current ratio of 1.55, and a debt-to-equity ratio of 0.29. ASML has experienced significant price movements in the past year, with a low of $633.85 and a high of $1,110.09. The firm's current market capitalization stands at $263.38 billion, with a price-to-earnings ratio of 35.05 and a price-to-earnings-growth ratio of 1.91, alongside a beta of 1.51.

ASML Recent Earnings Report

ASML recently announced its quarterly earnings on October 15, where it reported earnings per share (EPS) of $5.80, exceeding analysts’ expectations of $5.24 by $0.56. The company recorded revenue of $8.21 billion, surpassing the estimated $7.66 billion. Furthermore, it showed a return on equity of 47.61% and a net margin of 26.40%. Analysts forecast an average EPS of 20.77 for ASML in the current fiscal year.

Dividend Declaration by ASML

ASML also declared a quarterly dividend, which was paid on November 7. Shareholders on record as of October 29 received a dividend of $1.407. This results in an annual dividend yield of 0.84%, with an annualized payout of $5.63. The current dividend payout ratio stands at 29.21%.

Analysts' Price Targets for ASML

ASML has been the focus of recent research, with several analysts adjusting their price targets. Sanford C. Bernstein cut its target from $1,052 to $815 while maintaining an "outperform" rating. Susquehanna lowered its target from $1,300 to $1,100 with a "positive" rating. UBS Group downgraded ASML from a "buy" to a "neutral" rating. Wells Fargo reduced its price target from $1,000 to $790 with an "overweight" rating. Barclays, however, raised ASML from "equal weight" to "overweight". Currently, the stock has three hold ratings, nine buy ratings, and two strong buy ratings, leading to an average rating of "Moderate Buy" and a target price of $970.60 based on multiple analysts' assessments.

About ASML Holding N.V.

ASML Holding N.V. specializes in developing, producing, marketing, selling, and servicing advanced semiconductor equipment systems for chip manufacturers. The company offers advanced technology including lithography, metrology, and inspection systems, along with extreme ultraviolet lithography systems. Their offerings cater to various ranges of semiconductor nodes and technologies.

ASML, Stocks, Investment