Dakota Wealth Management Reduces Holdings in ASML Holding (NASDAQ:ASML)

Dakota Wealth Management lessened its position in shares of ASML Holding (NASDAQ:ASML) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,033 shares of the semiconductor company’s stock after selling 36 shares during the period. Dakota Wealth Management’s holdings in ASML were worth $861,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ASML. KP Management LLC lifted its holdings in ASML by 66.7% during the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 2,000 shares in the last quarter. Harvard Management Co. Inc. lifted its holdings in ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after purchasing an additional 66,000 shares in the last quarter. Pictet North America Advisors SA lifted its holdings in ASML by 15.0% during the 3rd quarter. Pictet North America Advisors SA now owns 5,929 shares of the semiconductor company’s stock worth $4,940,000 after purchasing an additional 773 shares in the last quarter. Point72 DIFC Ltd lifted its holdings in ASML by 122.1% during the 2nd quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after purchasing an additional 3,527 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML stock opened at $711.70 on Monday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $280.83 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The business’s 50-day moving average price is $816.78 and its 200-day moving average price is $906.42. ASML Holding has a 12 month low of $582.48 and a 12 month high of $1,110.09.

ASML Cuts Dividend

The company 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 dividend of $1.407 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. ASML’s dividend payout ratio (DPR) is presently 28.70%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ASML shares. JPMorgan Chase & Co. dropped their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Sanford C. Bernstein lowered their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $970.60.

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.