ASML Holding (NASDAQ:ASML) Holdings Cut by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its holdings in shares of ASML Holding (NASDAQ:ASML) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,408 shares of the semiconductor company’s stock after selling 40 shares during the quarter. Pinnacle Associates Ltd.’s holdings in ASML were worth $2,840,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. KP Management LLC increased its stake in shares of ASML by 66.7% during the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 2,000 shares during the last quarter. Harvard Management Co. Inc. increased its stake in shares of ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after purchasing an additional 66,000 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of ASML by 97,001.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company’s stock worth $94,665,000 after purchasing an additional 113,492 shares during the last quarter. Pictet North America Advisors SA increased its stake in shares of ASML by 15.0% during the 3rd quarter. Pictet North America Advisors SA now owns 5,929 shares of the semiconductor company’s stock worth $4,940,000 after purchasing an additional 773 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of ASML by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 34,098 shares of the semiconductor company’s stock worth $28,412,000 after purchasing an additional 2,806 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $672.55 on Friday. 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 52 week low of $593.56 and a 52 week high of $1,110.09. The firm has a market cap of $264.60 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.08 and a beta of 1.48. The business’s fifty day moving average is $798.17 and its two-hundred day moving average is $899.57.

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 paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.42%.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Wells Fargo & Company lowered their price objective 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. 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 stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average 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.