ASML Holding (NASDAQ:ASML) Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its stake in ASML Holding (NASDAQ:ASML) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,909 shares of the semiconductor company’s stock after buying an additional 201 shares during the period. Marks Group Wealth Management Inc’s holdings in ASML were worth $1,591,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. grew its stake in shares of ASML by 2.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 16,604 shares of the semiconductor company’s stock valued at $13,835,000 after buying an additional 322 shares during the period. FSM Wealth Advisors LLC increased its stake in ASML by 31.0% during the third quarter. FSM Wealth Advisors LLC now owns 524 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 124 shares during the last quarter. Alterna Wealth Management Inc. raised its holdings in shares of ASML by 8.5% in the 3rd quarter. Alterna Wealth Management Inc. now owns 254 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 20 shares during the period. Rational Advisors LLC lifted its stake in shares of ASML by 4.9% in the 3rd quarter. Rational Advisors LLC now owns 382 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 18 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. increased its position in ASML by 16.2% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 194 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 27 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on ASML shares. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company reduced their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Trading Down 2.2 %

Shares of ASML opened at $661.43 on Thursday. 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 one year low of $633.53 and a one year high of $1,110.09. The stock has a 50-day moving average price of $780.47 and a 200 day moving average price of $892.54. The company has a market capitalization of $260.22 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.95 and a beta of 1.51.

ASML Cuts Dividend

The business 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. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Tuesday, October 29th. ASML’s payout ratio is currently 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.