ASML Holding (NASDAQ:ASML) Stock Holdings Lowered by Focus Financial Network Inc.

Focus Financial Network Inc. trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 10.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 253 shares of the semiconductor company’s stock after selling 29 shares during the quarter. Focus Financial Network Inc.’s holdings in ASML were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ASML. Mercer Global Advisors Inc. ADV grew its holdings in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after acquiring an additional 870,010 shares during the last quarter. Fayez Sarofim & Co purchased a new position in ASML in the 1st quarter worth about $542,710,000. International Assets Investment Management LLC raised its holdings in ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after buying an additional 491,096 shares during the period. GQG Partners LLC lifted its stake in ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of ASML by 11,084.1% in the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after buying an additional 243,850 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 0.3 %

ASML opened at $674.73 on Monday. The company has a market capitalization of $265.45 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. 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 moving average of $793.52 and a 200-day moving average of $896.99.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s payout ratio is presently 29.21%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ASML shares. Sanford C. Bernstein cut their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Susquehanna reduced their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.