Hennion & Walsh Asset Management Inc. Grows Holdings in ASML Holding (NASDAQ:ASML)

Hennion & Walsh Asset Management Inc. lifted its position in shares of ASML Holding (NASDAQ:ASML) by 30.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the semiconductor company’s stock after buying an additional 353 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ASML were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kathmere Capital Management LLC purchased a new position in shares of ASML in the 1st quarter worth about $237,000. Vicus Capital purchased a new stake in ASML during the first quarter worth approximately $328,000. Founders Financial Securities LLC increased its position in shares of ASML by 2.5% in the first quarter. Founders Financial Securities LLC now owns 1,123 shares of the semiconductor company’s stock worth $1,090,000 after acquiring an additional 27 shares in the last quarter. Diversified Trust Co raised its stake in shares of ASML by 16.1% in the 1st quarter. Diversified Trust Co now owns 950 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 132 shares during the period. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of ASML by 4.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML stock opened at $711.70 on Friday. The firm has a market cap of $280.83 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.08 and a beta of 1.48. The firm has a fifty day moving average of $816.78 and a two-hundred day moving average of $906.89. 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 Holding has a 1-year low of $582.48 and a 1-year high of $1,110.09.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be issued a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.79%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is currently 28.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their price target 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. Three equities research 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 company’s stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target 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.