Riggs Asset Managment Co. Inc. Sells 26 Shares of ASML Holding (NASDAQ:ASML)

Riggs Asset Managment Co. Inc. cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,144 shares of the semiconductor company’s stock after selling 26 shares during the quarter. ASML accounts for approximately 1.9% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its 17th biggest holding. Riggs Asset Managment Co. Inc.’s holdings in ASML were worth $6,786,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter valued at approximately $26,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter valued at $31,000. First Community Trust NA purchased a new stake in ASML during the 2nd quarter valued at $34,000. POM Investment Strategies LLC bought a new stake in ASML in the 2nd quarter worth $36,000. Finally, LRI Investments LLC bought a new position in shares of ASML during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.1 %

NASDAQ ASML traded up $0.89 during trading hours on Friday, reaching $711.70. 1,380,123 shares of the company’s stock traded hands, compared to its average volume of 1,391,388. ASML Holding has a 52-week low of $582.48 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The firm has a 50-day simple moving average of $816.78 and a 200 day simple moving average of $906.89. The firm 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.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be given a $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. ASML’s dividend payout ratio is currently 28.70%.

Analysts Set New Price Targets

Several research firms recently issued reports on ASML. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein cut their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Susquehanna decreased 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 report on Friday, October 11th. 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 company has an average rating of “Moderate Buy” and an average target price 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.