ASML Holding (NASDAQ:ASML) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP increased its stake in shares of ASML Holding (NASDAQ:ASML) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,042 shares of the semiconductor company’s stock after buying an additional 491 shares during the quarter. ASML comprises about 1.4% of Lyell Wealth Management LP’s holdings, making the stock its 19th largest position. Lyell Wealth Management LP’s holdings in ASML were worth $15,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. KP Management LLC increased its holdings in shares of ASML by 66.7% in the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 2,000 shares during the period. Harvard Management Co. Inc. grew its position in ASML by 239.8% in the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after buying an additional 66,000 shares during the last quarter. Pictet North America Advisors SA grew its position in ASML by 15.0% in the 3rd quarter. Pictet North America Advisors SA now owns 5,929 shares of the semiconductor company’s stock valued at $4,940,000 after buying an additional 773 shares during the last quarter. Point72 DIFC Ltd increased its stake in ASML by 122.1% in the 2nd quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $6,560,000 after buying an additional 3,527 shares during the period. Finally, Cetera Investment Advisers raised its position in ASML by 169.4% during the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after buying an additional 14,682 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ASML shares. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Sanford C. Bernstein reduced their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, Susquehanna dropped their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Performance

Shares of ASML stock opened at $711.70 on Friday. The stock has a fifty day moving average price of $816.78 and a 200 day moving average price of $907.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The stock has a market cap of $280.83 billion, a PE ratio of 36.35, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a 1 year low of $582.48 and a 1 year high of $1,110.09.

ASML Cuts Dividend

The firm 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 $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. ASML’s dividend payout ratio is presently 28.70%.

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.