ASML Holding (NASDAQ:ASML) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC raised its position in ASML Holding (NASDAQ:ASML) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,577 shares of the semiconductor company’s stock after acquiring an additional 46 shares during the period. Lake Street Advisors Group LLC’s holdings in ASML were worth $2,147,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ASML. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the second quarter valued at about $26,000. WD Rutherford LLC acquired a new stake in shares of ASML in the first quarter valued at about $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the second quarter valued at about $31,000. First Community Trust NA acquired a new stake in shares of ASML in the second quarter valued at about $34,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of ASML in the second quarter valued at about $36,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ASML. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three 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 company’s stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Trading Up 1.5 %

ASML stock traded up $10.67 during trading on Friday, reaching $721.48. The company had a trading volume of 419,938 shares, compared to its average volume of 1,386,764. ASML Holding has a 12-month low of $582.48 and a 12-month high of $1,110.09. The stock’s 50 day moving average price is $825.27 and its two-hundred day moving average price is $910.74. The firm has a market capitalization of $284.69 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

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 0.78%. ASML’s payout ratio is 28.70%.

ASML Company 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.