Diversify Advisory Services LLC Raises Holdings in ASML Holding (NASDAQ:ASML)

Diversify Advisory Services LLC boosted its stake in ASML Holding (NASDAQ:ASML) by 257.4% in the 3rd quarter, Holdings Channel reports. The firm owned 2,959 shares of the semiconductor company’s stock after buying an additional 2,131 shares during the quarter. Diversify Advisory Services LLC’s holdings in ASML were worth $2,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. bought a new position in shares of ASML during the first quarter worth about $308,000. Diversified Trust Co increased its stake in ASML by 16.1% in the 1st quarter. Diversified Trust Co now owns 950 shares of the semiconductor company’s stock valued at $922,000 after buying an additional 132 shares during the period. Miracle Mile Advisors LLC lifted its position in ASML by 4.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock worth $279,000 after buying an additional 13 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of ASML during the 1st quarter valued at $915,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of ASML by 22.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,911 shares of the semiconductor company’s stock worth $8,648,000 after acquiring an additional 1,661 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.9 %

ASML stock opened at $715.14 on Wednesday. The business’s fifty day moving average price is $808.07 and its two-hundred day moving average price is $902.68. The stock has a market capitalization of $281.35 billion, a price-to-earnings ratio of 37.44, a PEG 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. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be paid 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 yield of 0.79%. ASML’s payout ratio is 29.42%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. 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 research note on Friday, October 11th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. 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 research report on Thursday, October 17th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $970.60.

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.