Eastern Bank Has $540,000 Stock Position in ASML Holding (NASDAQ:ASML)

Eastern Bank boosted its stake in shares of ASML Holding (NASDAQ:ASML) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 648 shares of the semiconductor company’s stock after buying an additional 30 shares during the period. Eastern Bank’s holdings in ASML were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the second quarter valued at approximately $26,000. WD Rutherford LLC acquired a new stake in ASML during the 1st quarter valued at $29,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the second quarter valued at $31,000. First Community Trust NA acquired a new stake in shares of ASML in the second quarter worth $34,000. Finally, POM Investment Strategies LLC purchased a new position in shares of ASML during the second quarter valued at $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ASML shares. Sanford C. Bernstein decreased their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Wells Fargo & Company cut their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Susquehanna dropped 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 research note on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Price Performance

Shares of NASDAQ:ASML opened at $708.62 on Thursday. The stock has a market capitalization of $279.61 billion, a P/E ratio of 36.19, a P/E/G ratio of 2.08 and a beta of 1.48. The business has a 50-day moving average of $825.27 and a two-hundred day moving average of $910.74. 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 current ratio of 1.52 and a quick ratio of 0.84.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.79%. ASML’s payout ratio is currently 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.