M Holdings Securities Inc. Purchases New Position in ASML Holding (NASDAQ:ASML)

M Holdings Securities Inc. purchased a new stake in shares of ASML Holding (NASDAQ:ASMLGet Rating) during the first quarter, HoldingsChannel.com reports. The firm purchased 333 shares of the semiconductor company’s stock, valued at approximately $222,000.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd bought a new stake in ASML during the 4th quarter valued at approximately $26,000. Equitable Holdings Inc. bought a new stake in ASML during the 4th quarter valued at approximately $248,000. Eagle Asset Management Inc. boosted its position in ASML by 3.0% during the 4th quarter. Eagle Asset Management Inc. now owns 1,003 shares of the semiconductor company’s stock valued at $802,000 after acquiring an additional 29 shares in the last quarter. PFS Investments Inc. boosted its position in ASML by 39.0% during the 4th quarter. PFS Investments Inc. now owns 3,357 shares of the semiconductor company’s stock valued at $2,673,000 after acquiring an additional 942 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in ASML by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 73,567 shares of the semiconductor company’s stock valued at $58,569,000 after acquiring an additional 1,199 shares in the last quarter. Hedge funds and other institutional investors own 19.04% of the company’s stock.

Analyst Ratings Changes

ASML has been the topic of several research reports. Credit Suisse Group cut their price objective on ASML from €960.00 ($979.59) to €920.00 ($938.78) and set an “outperform” rating on the stock in a research report on Thursday, July 21st. Piper Sandler cut their price objective on ASML from €767.00 ($782.65) to €630.00 ($642.86) in a research report on Thursday, May 26th. UBS Group raised ASML from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. Wells Fargo & Company dropped their price target on ASML from $750.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Finally, Argus assumed coverage on ASML in a research report on Wednesday, June 29th. They issued a “buy” rating and a $590.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $747.91.

ASML Stock Performance

ASML stock opened at $467.25 on Monday. The stock has a market capitalization of $191.47 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34. ASML Holding has a 12-month low of $412.67 and a 12-month high of $888.72. The company has a current ratio of 1.36, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $518.06 and its 200 day simple moving average is $553.30.

ASML Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a $1.3991 dividend. The ex-dividend date was Thursday, August 4th. This represents a yield of 1.2%. ASML’s dividend payout ratio (DPR) is presently 13.63%.

About ASML

(Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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.

Further Reading

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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