JCIC Asset Management Inc. Boosts Stock Holdings in ASML Holding (NASDAQ:ASML)

JCIC Asset Management Inc. grew its position in ASML Holding (NASDAQ:ASML) by 6,188.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,270 shares of the semiconductor company’s stock after acquiring an additional 3,218 shares during the quarter. JCIC Asset Management Inc.’s holdings in ASML were worth $2,725,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ASML. Hilltop National Bank raised its holdings in ASML by 1.0% in the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after acquiring an additional 10 shares during the last quarter. Investment Partners LTD. lifted its position in ASML by 1.2% during the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after buying an additional 11 shares in the last quarter. Valley National Advisers Inc. boosted its stake in ASML by 1.1% during the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after buying an additional 12 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after buying an additional 12 shares during the last quarter. Finally, First Pacific Financial grew its holdings in ASML by 1.1% in the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock valued at $1,146,000 after buying an additional 12 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML stock opened at $708.62 on Thursday. ASML Holding has a one year low of $581.57 and a one year high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm’s 50 day moving average price is $825.27 and its 200-day moving average price is $910.74. The firm has a market cap of $279.61 billion, a P/E ratio of 36.19, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be given a dividend of $1.407 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. ASML’s dividend payout ratio is currently 28.70%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Sanford C. Bernstein reduced their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

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.