Avitas Wealth Management LLC Sells 25 Shares of ASML Holding (NASDAQ:ASML)

Avitas Wealth Management LLC lessened its holdings in shares of ASML Holding (NASDAQ:ASML) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,177 shares of the semiconductor company’s stock after selling 25 shares during the period. Avitas Wealth Management LLC’s holdings in ASML were worth $1,814,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position 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 worth $910,102,000 after buying an additional 870,010 shares in the last quarter. Jennison Associates LLC lifted its position in shares of ASML by 50.0% during 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 acquiring an additional 572,996 shares during the period. Fayez Sarofim & Co acquired a new stake in shares of ASML during the 1st quarter worth $542,710,000. International Assets Investment Management LLC increased its position in shares of ASML by 94,079.7% in the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares during the period. Finally, GQG Partners LLC raised its stake in ASML by 21.6% in 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. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ASML. Sanford C. Bernstein dropped their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company 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. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Up 0.9 %

Shares of NASDAQ ASML opened at $715.14 on Wednesday. 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 debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a 1 year low of $582.48 and a 1 year high of $1,110.09. The firm has a market cap of $281.35 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The firm 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 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 dividend yield of 0.79%. ASML’s dividend payout ratio (DPR) is presently 29.42%.

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.