ASML Holding (NASDAQ:ASML) Shares Bought by US Bancorp DE

US Bancorp DE lifted its stake in shares of ASML Holding (NASDAQ:ASML) by 7.5% during the third quarter, Holdings Channel reports. The firm owned 47,601 shares of the semiconductor company’s stock after buying an additional 3,321 shares during the period. US Bancorp DE’s holdings in ASML were worth $39,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ASML. Resources Management Corp CT ADV bought a new position in ASML during the 2nd quarter worth $26,000. Triad Wealth Partners LLC bought a new position in shares of ASML during the second quarter worth about $31,000. First Community Trust NA acquired a new stake in shares of ASML in the 2nd quarter worth about $34,000. POM Investment Strategies LLC bought a new stake in ASML in the 2nd quarter valued at about $36,000. Finally, LRI Investments LLC bought a new stake in ASML in the 1st quarter valued at about $37,000. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

NASDAQ:ASML opened at $672.55 on Friday. ASML Holding has a 52-week low of $593.56 and a 52-week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market cap of $264.60 billion, a P/E ratio of 35.21, a PEG ratio of 2.08 and a beta of 1.48. The business’s 50-day moving average price is $798.17 and its 200 day moving average price is $899.57.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is presently 29.42%.

Analyst Ratings Changes

Several brokerages have commented on ASML. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price 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.