WASHINGTON TRUST Co Increases Stake in ASML Holding (NASDAQ:ASML)

WASHINGTON TRUST Co grew its position in ASML Holding (NASDAQ:ASML) by 0.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,150 shares of the semiconductor company’s stock after acquiring an additional 90 shares during the period. WASHINGTON TRUST Co’s holdings in ASML were worth $15,957,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings 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 worth $910,102,000 after purchasing an additional 870,010 shares during the last quarter. Jennison Associates LLC raised its stake in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares during the period. Fayez Sarofim & Co acquired a new position in ASML in the 1st quarter valued at about $542,710,000. International Assets Investment Management LLC grew its stake in shares of ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after buying an additional 491,096 shares during the period. Finally, GQG Partners LLC increased its holdings in shares of 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 buying an additional 294,784 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ:ASML traded down $22.71 during mid-day trading on Wednesday, reaching $692.43. 1,301,588 shares of the stock were exchanged, compared to its average volume of 1,389,940. The stock has a market capitalization of $272.42 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a 1 year low of $593.56 and a 1 year high of $1,110.09. The company has a 50 day simple moving average of $808.07 and a 200-day simple moving average of $902.68. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be issued a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.81%. ASML’s payout ratio is 29.42%.

Analysts Set New Price Targets

ASML has been the topic of a number of research analyst reports. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Sanford C. Bernstein reduced their target price 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. Wells Fargo & Company dropped 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 report on Thursday, October 17th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML 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.