Fullcircle Wealth LLC Invests $660,000 in ASML Holding (NASDAQ:ASML)

Fullcircle Wealth LLC acquired a new position in ASML Holding (NASDAQ:ASML) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 792 shares of the semiconductor company’s stock, valued at approximately $660,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its holdings in ASML by 4,379.6% during the second 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. Jennison Associates LLC lifted its holdings in ASML by 50.0% during the first 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 in the last quarter. Fayez Sarofim & Co purchased a new position in ASML during the first quarter valued at approximately $542,710,000. International Assets Investment Management LLC lifted its holdings in ASML by 94,079.7% during the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after purchasing an additional 491,096 shares in the last quarter. Finally, GQG Partners LLC lifted its holdings 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 purchasing an additional 294,784 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.3 %

ASML stock traded up $2.18 during mid-day trading on Friday, reaching $674.73. 1,801,716 shares of the stock traded hands, compared to its average volume of 1,405,337. The business has a 50-day moving average price of $793.52 and a two-hundred day moving average price of $897.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market capitalization of $265.45 billion, a PE ratio of 35.33, a PEG ratio of 1.98 and a beta of 1.48. ASML Holding has a one year low of $627.09 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. Stockholders of record on Tuesday, October 29th will be issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.