ASML Holding (NASDAQ:ASML) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lessened its position in ASML Holding (NASDAQ:ASML) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,664 shares of the semiconductor company’s stock after selling 260 shares during the period. Lmcg Investments LLC’s holdings in ASML were worth $9,719,000 at the end of the most recent reporting period.

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

ASML Trading Up 0.3 %

Shares of ASML traded up $2.18 during midday trading on Friday, hitting $674.73. The stock had a trading volume of 1,801,716 shares, compared to its average volume of 1,405,337. ASML Holding has a fifty-two week low of $627.09 and a fifty-two week high of $1,110.09. The business has a 50-day simple moving average of $793.52 and a two-hundred day simple moving average of $897.62. The firm has a market cap of $265.45 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 1.98 and a beta of 1.48. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be issued a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Wall Street Analyst Weigh In

Several research firms have commented on ASML. Wells Fargo & Company lowered their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Sanford C. Bernstein lowered their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Susquehanna reduced their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three investment 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. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $970.60.

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.