Janney Montgomery Scott LLC Boosts Holdings in ASML Holding (NASDAQ:ASML)

Janney Montgomery Scott LLC increased its holdings in shares of ASML Holding (NASDAQ:ASML) by 9.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,699 shares of the semiconductor company’s stock after buying an additional 4,903 shares during the period. Janney Montgomery Scott LLC’s holdings in ASML were worth $46,411,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Campbell Capital Management Inc. raised its position in ASML by 40.0% in the 3rd quarter. Campbell Capital Management Inc. now owns 700 shares of the semiconductor company’s stock valued at $583,000 after purchasing an additional 200 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake in ASML by 3.8% in the third quarter. Arcadia Investment Management Corp MI now owns 7,645 shares of the semiconductor company’s stock valued at $6,370,000 after purchasing an additional 279 shares during the period. Greenwich Wealth Management LLC raised its holdings in shares of ASML by 6.3% in the third quarter. Greenwich Wealth Management LLC now owns 660 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 39 shares during the last quarter. Fullcircle Wealth LLC acquired a new stake in shares of ASML during the third quarter worth about $660,000. Finally, Chicago Partners Investment Group LLC increased its position in ASML by 13.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,311 shares of the semiconductor company’s stock valued at $1,092,000 after acquiring an additional 151 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on ASML shares. 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 lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. 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 research report on Thursday, October 17th. Wells Fargo & Company dropped their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three 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’s stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Trading Up 0.3 %

NASDAQ ASML opened at $674.73 on Monday. The firm 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. ASML Holding has a one year low of $627.09 and a one year high of $1,110.09. The company has a 50-day simple moving average of $793.52 and a 200-day simple moving average of $896.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML Cuts Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.83%. ASML’s dividend payout ratio is currently 29.21%.

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.