Bank of Stockton Has $1.42 Million Stake in ASML Holding (NASDAQ:ASML)

Bank of Stockton lifted its stake in ASML Holding (NASDAQ:ASML) by 14.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705 shares of the semiconductor company’s stock after purchasing an additional 213 shares during the period. Bank of Stockton’s holdings in ASML were worth $1,421,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its stake in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after purchasing an additional 870,010 shares during the last quarter. Jennison Associates LLC boosted its stake in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after acquiring an additional 572,996 shares during the last quarter. Fayez Sarofim & Co acquired a new stake in ASML during the 1st quarter worth $542,710,000. International Assets Investment Management LLC raised its position in shares of ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after acquiring an additional 491,096 shares during the last quarter. Finally, GQG Partners LLC lifted its stake in shares of ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 1.2 %

Shares of ASML stock traded up $8.23 on Friday, hitting $719.04. The company had a trading volume of 588,408 shares, compared to its average volume of 1,387,026. The firm has a market capitalization of $283.73 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a twelve month low of $582.48 and a twelve month high of $1,110.09. The stock has a 50-day moving average of $820.92 and a 200-day moving average of $909.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

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 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 dividend yield of 0.78%. ASML’s dividend payout ratio (DPR) is 28.70%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ASML shares. Wells Fargo & Company dropped their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein decreased their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.