Roman Butler Fullerton & Co. lessened its position in ASML Holding (NASDAQ:ASML – Free Report) by 27.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,223 shares of the semiconductor company’s stock after selling 459 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in ASML were worth $1,019,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. Resources Management Corp CT ADV purchased a new position in ASML during the second quarter worth about $26,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter worth approximately $31,000. First Community Trust NA acquired a new stake in shares of ASML in the second quarter valued at $34,000. POM Investment Strategies LLC purchased a new position in shares of ASML in the 2nd quarter valued at about $36,000. Finally, LRI Investments LLC purchased a new position in ASML in the first quarter worth approximately $37,000. Institutional investors and hedge funds own 26.07% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have commented on ASML. Wells Fargo & Company dropped their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. 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 report on Monday, October 21st. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $970.60.
ASML Trading Up 0.3 %
Shares of ASML stock opened at $674.73 on Monday. The stock has a market cap of $265.45 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a 52-week low of $627.09 and a 52-week high of $1,110.09. The firm has a fifty day moving average of $793.52 and a 200-day moving average of $896.99.
ASML Cuts Dividend
The company also recently declared 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. This represents a $5.63 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.
ASML Profile
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.
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