Adell Harriman & Carpenter Inc. Purchases 195 Shares of ASML Holding (NASDAQ:ASML)

Adell Harriman & Carpenter Inc. lifted its position in ASML Holding (NASDAQ:ASML) by 23.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,044 shares of the semiconductor company’s stock after buying an additional 195 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in ASML were worth $870,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of ASML in the 1st quarter valued at about $308,000. Diversified Trust Co raised its stake in ASML by 16.1% in the first quarter. Diversified Trust Co now owns 950 shares of the semiconductor company’s stock valued at $922,000 after purchasing an additional 132 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in ASML by 4.7% during the first quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 13 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in ASML in the 1st quarter worth approximately $915,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of ASML by 22.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,911 shares of the semiconductor company’s stock worth $8,648,000 after buying an additional 1,661 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein reduced their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company lowered their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research 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, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Up 0.9 %

NASDAQ:ASML opened at $715.14 on Wednesday. The company has a market capitalization of $281.35 billion, a PE ratio of 37.44, a P/E/G ratio of 2.08 and a beta of 1.48. 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’s 50-day moving average price is $808.07 and its 200-day moving average price is $902.68.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be paid 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 payout ratio is currently 29.42%.

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.