Whittier Trust Co. Has $31.02 Million Stock Position in ASML Holding (NASDAQ:ASML)

Whittier Trust Co. grew its position in shares of ASML Holding (NASDAQ:ASML) by 5.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,227 shares of the semiconductor company’s stock after buying an additional 1,966 shares during the period. Whittier Trust Co.’s holdings in ASML were worth $31,019,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Hilltop National Bank boosted its holdings in shares of ASML by 1.0% in the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after acquiring an additional 10 shares during the period. First PREMIER Bank boosted its position in shares of ASML by 4.2% in the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after acquiring an additional 11 shares during the period. Investment Partners LTD. boosted its position in shares of ASML by 1.2% in the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after acquiring an additional 11 shares during the period. Valley National Advisers Inc. increased its holdings in ASML by 1.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after acquiring an additional 12 shares during the period. Finally, Pure Financial Advisors LLC lifted its stake in ASML by 2.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 12 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Sanford C. Bernstein reduced their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Performance

Shares of NASDAQ:ASML traded down $12.12 during trading on Monday, hitting $711.14. The company’s stock had a trading volume of 1,894,273 shares, compared to its average volume of 1,382,994. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The firm has a market cap of $280.61 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a 50-day moving average of $834.43 and a 200-day moving average of $915.67. ASML Holding has a 12 month low of $573.86 and a 12 month high of $1,110.09.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be issued a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. ASML’s dividend payout ratio is currently 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.