Creative Planning Acquires 669 Shares of ASML Holding (NASDAQ:ASML)

Creative Planning raised its holdings in ASML Holding (NASDAQ:ASML) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,866 shares of the semiconductor company’s stock after buying an additional 669 shares during the period. Creative Planning’s holdings in ASML were worth $22,386,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Resources Management Corp CT ADV bought a new position in ASML in the 2nd quarter valued at $26,000. WD Rutherford LLC bought a new position in ASML in the 1st quarter valued at $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML during the 2nd quarter worth $31,000. First Community Trust NA bought a new position in shares of ASML during the 2nd quarter worth $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML during the 2nd quarter worth $36,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ASML shares. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna dropped their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company dropped their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,018.00.

ASML Trading Up 3.2 %

ASML stock opened at $723.26 on Monday. The stock has a 50-day moving average of $834.43 and a two-hundred day moving average of $915.67. 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 Holding has a one year low of $573.86 and a one year high of $1,110.09. The stock has a market cap of $285.39 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, November 17th. Shareholders of record on Tuesday, October 29th will be paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

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.