Pathway Financial Advisers LLC Has $94.67 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Pathway Financial Advisers LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 97,001.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 113,609 shares of the semiconductor company’s stock after acquiring an additional 113,492 shares during the period. Pathway Financial Advisers LLC’s holdings in ASML were worth $94,665,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Jennison Associates LLC boosted its stake in shares of ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares during the last quarter. GQG Partners LLC grew its holdings in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the period. Van ECK Associates Corp raised its position in shares of ASML by 15.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after acquiring an additional 170,992 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of ASML by 18.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after purchasing an additional 194,357 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after purchasing an additional 870,010 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 0.1 %

NASDAQ:ASML traded up $0.89 during trading hours on Friday, hitting $711.70. 1,380,123 shares of the company traded hands, compared to its average volume of 1,391,388. The company has a market cap of $280.83 billion, a PE ratio of 36.35, a PEG ratio of 2.08 and a beta of 1.48. 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’s 50-day simple moving average is $816.78 and its 200-day simple moving average is $907.47. ASML Holding has a one year low of $582.48 and a one year high of $1,110.09.

ASML Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.79%. ASML’s payout ratio is currently 28.70%.

Analyst Ratings Changes

Several brokerages have issued reports on ASML. Susquehanna dropped their price target on 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. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.