Deltec Asset Management LLC Takes Position in ASML Holding (NASDAQ:ASML)

Deltec Asset Management LLC bought a new position in ASML Holding (NASDAQ:ASML) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 3,500 shares of the semiconductor company’s stock, valued at approximately $2,916,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. KP Management LLC increased its position in shares of ASML by 66.7% during the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 2,000 shares during the last quarter. Harvard Management Co. Inc. increased its holdings in ASML by 239.8% during the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after buying an additional 66,000 shares during the last quarter. Pictet North America Advisors SA increased its holdings in ASML by 15.0% during the third quarter. Pictet North America Advisors SA now owns 5,929 shares of the semiconductor company’s stock valued at $4,940,000 after buying an additional 773 shares during the last quarter. Pathway Financial Advisers LLC raised its position in ASML by 97,001.7% in the third quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company’s stock worth $94,665,000 after acquiring an additional 113,492 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of ASML by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 34,098 shares of the semiconductor company’s stock worth $28,412,000 after acquiring an additional 2,806 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on 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. decreased their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Sanford C. Bernstein cut their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Trading Up 0.9 %

Shares of ASML opened at $715.14 on Wednesday. ASML Holding has a 1 year low of $582.48 and a 1 year high of $1,110.09. The company has a 50 day simple moving average of $808.07 and a two-hundred day simple moving average of $902.68. 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 $281.35 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be issued a $1.407 dividend. The ex-dividend date of this dividend 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 29.42%.

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.