ASML Holding (NASDAQ:ASML) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its stake in ASML Holding (NASDAQ:ASML) by 11.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,862 shares of the semiconductor company’s stock after selling 388 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ASML were worth $2,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares in the last quarter. GQG Partners LLC increased its holdings in ASML by 21.6% during the 1st 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 during the period. Van ECK Associates Corp raised its position in ASML by 15.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after purchasing an additional 170,992 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of ASML by 18.9% during the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock worth $1,184,173,000 after buying an additional 194,357 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of ASML by 4,379.6% during 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. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Wells Fargo & Company decreased their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Susquehanna cut their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Sanford C. Bernstein dropped their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday. Three 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. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Up 0.3 %

Shares of NASDAQ:ASML opened at $710.81 on Friday. The company has a market cap of $280.48 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.08 and a beta of 1.48. ASML Holding has a fifty-two week low of $581.57 and a fifty-two week high of $1,110.09. The firm’s 50-day simple moving average is $825.27 and its 200-day simple moving average is $910.74. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML Cuts Dividend

The firm 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 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 of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 28.70%.

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.