Sequoia Financial Advisors LLC Decreases Holdings in ASML Holding (NASDAQ:ASML)

Sequoia Financial Advisors LLC lowered its stake in shares of ASML Holding (NASDAQ:ASML) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,921 shares of the semiconductor company’s stock after selling 148 shares during the period. Sequoia Financial Advisors LLC’s holdings in ASML were worth $2,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. KP Management LLC raised its holdings in shares of ASML by 66.7% during the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after acquiring an additional 2,000 shares during the last quarter. Harvard Management Co. Inc. raised its stake in ASML by 239.8% in the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after purchasing an additional 66,000 shares during the last quarter. Point72 DIFC Ltd lifted its holdings in ASML by 122.1% in the 2nd quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $6,560,000 after purchasing an additional 3,527 shares in the last quarter. Cetera Investment Advisers boosted its stake in ASML by 169.4% during the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after purchasing an additional 14,682 shares during the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of ASML by 25,520.0% during the first quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company’s stock worth $1,243,000 after buying an additional 1,276 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 1.7 %

Shares of ASML stock opened at $708.62 on Thursday. ASML Holding has a fifty-two week low of $581.57 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a market capitalization of $279.61 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.08 and a beta of 1.48. The stock has a 50 day moving average of $825.27 and a 200 day moving average of $910.74.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be given 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 payout ratio is 28.70%.

Analyst Ratings Changes

Several research firms have recently weighed in on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein reduced their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.