ASML Holding (NASDAQ:ASML) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC lowered its position in ASML Holding (NASDAQ:ASML) by 9.1% during the third quarter, Holdings Channel.com reports. The fund owned 550 shares of the semiconductor company’s stock after selling 55 shares during the quarter. NorthRock Partners LLC’s holdings in ASML were worth $458,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the 2nd quarter worth about $26,000. Triad Wealth Partners LLC purchased a new stake in ASML during the second quarter worth approximately $31,000. First Community Trust NA acquired a new stake in shares of ASML in the second quarter worth $34,000. POM Investment Strategies LLC purchased a new position in shares of ASML in the 2nd quarter valued at $36,000. Finally, LRI Investments LLC acquired a new position in shares of ASML during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Susquehanna lowered their price target 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. Sanford C. Bernstein dropped their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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 stock. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Up 0.8 %

Shares of NASDAQ:ASML opened at $676.46 on Wednesday. ASML Holding has a 12-month low of $631.17 and a 12-month high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $266.13 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The company has a fifty day simple moving average of $785.01 and a 200 day simple moving average of $894.17.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.83%. ASML’s dividend payout ratio (DPR) is presently 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.