ASML Holding (NASDAQ:ASML) Stock Holdings Lifted by Solidarity Wealth LLC

Solidarity Wealth LLC lifted its position in ASML Holding (NASDAQ:ASML) by 15.7% in the 3rd quarter, Holdings Channel reports. The fund owned 7,079 shares of the semiconductor company’s stock after buying an additional 962 shares during the period. ASML makes up approximately 1.6% of Solidarity Wealth LLC’s investment portfolio, making the stock its 22nd biggest holding. Solidarity Wealth LLC’s holdings in ASML were worth $5,899,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. Mercer Global Advisors Inc. ADV boosted its position in shares of ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the period. Jennison Associates LLC boosted its position in ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new position in ASML during the 1st quarter valued at about $542,710,000. International Assets Investment Management LLC increased its holdings in shares of ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after purchasing an additional 491,096 shares during the period. Finally, GQG Partners LLC lifted its position in shares of ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $683.83 on Thursday. ASML Holding has a one year low of $593.56 and a one year 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. The business has a 50 day simple moving average of $802.87 and a 200 day simple moving average of $901.15. The company has a market capitalization of $269.03 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

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 given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is 29.42%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ASML shares. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna cut their price objective 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 reduced their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company reduced their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML 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.