Lmcg Investments LLC Trims Stock Position in ASML Holding (NASDAQ:ASML)

by · The Markets Daily

Lmcg Investments LLC cut its holdings in shares of ASML Holding (NASDAQ:ASML – Free Report) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,664 shares of the semiconductor company’s stock after selling 260 shares during the quarter. Lmcg Investments LLC’s holdings in ASML were worth $9,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Hilltop National Bank lifted its position in ASML by 1.0% during the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after buying an additional 10 shares during the period. Valley National Advisers Inc. increased its stake in ASML by 1.1% during the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after acquiring an additional 12 shares during the last quarter. Pure Financial Advisors LLC increased its stake in ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 12 shares during the last quarter. First Pacific Financial increased its stake in ASML by 1.1% during the second quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 12 shares during the last quarter. Finally, RMR Wealth Builders increased its stake in ASML by 0.6% during the second quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock worth $2,162,000 after acquiring an additional 12 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 0.3 %

ASML traded up $2.18 on Friday, reaching $674.73. The company’s stock had a trading volume of 1,801,716 shares, compared to its average volume of 1,405,337. The stock has a market cap of $265.45 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 1.98 and a beta of 1.48. ASML Holding has a 1 year low of $627.09 and a 1 year high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The business’s 50 day moving average is $793.52 and its 200 day moving average is $897.62.

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 0.83%. ASML’s dividend payout ratio (DPR) is 29.21%.

Wall Street Analyst Weigh In

ASML has been the subject of several research analyst reports. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company lowered their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Sanford C. Bernstein lowered their target price 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. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. lowered their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $970.60.

Get Our Latest Report on ASML

About ASML

(Free Report)

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.

Further Reading

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