ASML Holding (NASDAQ:ASML) Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC decreased its stake in shares of ASML Holding (NASDAQ:ASML) by 64.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252 shares of the semiconductor company’s stock after selling 453 shares during the quarter. Lake Street Private Wealth LLC’s holdings in ASML were worth $210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Resources Management Corp CT ADV purchased a new position in ASML in the 2nd quarter worth $26,000. WD Rutherford LLC acquired a new position in shares of ASML in the first quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the second quarter worth about $31,000. First Community Trust NA purchased a new position in shares of ASML in the second quarter worth about $34,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of ASML during the second quarter worth about $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

ASML has been the topic of several research reports. Susquehanna cut their price target 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. JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Trading Down 1.7 %

ASML stock opened at $708.62 on Thursday. 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 Holding has a 52-week low of $581.57 and a 52-week high of $1,110.09. The company’s 50-day simple moving average is $825.27 and its 200-day simple moving average is $910.74. The firm has a market cap of $279.61 billion, a P/E ratio of 36.19, a PEG ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be given a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.70%.

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.