PFG Investments LLC Boosts Stock Position in ASML Holding (NASDAQ:ASML)

PFG Investments LLC lifted its position in ASML Holding (NASDAQ:ASML) by 13.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,188 shares of the semiconductor company’s stock after purchasing an additional 382 shares during the quarter. PFG Investments LLC’s holdings in ASML were worth $2,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Asset Advisory Services LLC lifted its stake in shares of ASML by 16.0% in the 1st quarter. Capital Asset Advisory Services LLC now owns 334 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 46 shares during the period. Kathmere Capital Management LLC acquired a new position in shares of ASML in the first quarter worth about $237,000. Norris Perne & French LLP MI purchased a new stake in shares of ASML during the 1st quarter worth about $212,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of ASML during the 1st quarter valued at about $308,000. Finally, Vicus Capital purchased a new position in shares of ASML in the 1st quarter valued at about $328,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped 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 research report on Thursday, October 17th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company lowered their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Trading Up 0.1 %

ASML traded up $0.89 during trading hours on Friday, reaching $711.70. The company’s stock had a trading volume of 1,380,123 shares, compared to its average volume of 1,391,388. The business’s 50-day moving average is $816.78 and its 200-day moving average is $907.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. 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 fifty-two week low of $582.48 and a fifty-two week high of $1,110.09.

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

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.