Sweeney & Michel LLC Purchases 28 Shares of ASML Holding (NASDAQ:ASML)

Sweeney & Michel LLC raised its position in ASML Holding (NASDAQ:ASML) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 744 shares of the semiconductor company’s stock after purchasing an additional 28 shares during the period. Sweeney & Michel LLC’s holdings in ASML were worth $620,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ASML. Resources Management Corp CT ADV acquired a new stake in ASML in the second quarter valued at $26,000. WD Rutherford LLC bought a new position in ASML in the 1st quarter valued at about $29,000. Triad Wealth Partners LLC bought a new position in ASML in the 2nd quarter valued at about $31,000. First Community Trust NA bought a new position in ASML in the 2nd quarter valued at about $34,000. Finally, POM Investment Strategies LLC bought a new position in ASML in the 2nd quarter valued at about $36,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

ASML has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of 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 reduced 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. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

ASML traded up $6.01 during trading on Tuesday, reaching $720.11. 419,376 shares of the company were exchanged, compared to its average volume of 1,379,691. The company’s 50-day moving average is $831.66 and its two-hundred day moving average is $913.99. The company has a market cap of $284.15 billion, a price-to-earnings ratio of 36.47, a P/E/G ratio of 2.08 and a beta of 1.48. 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 12-month low of $573.86 and a 12-month high of $1,110.09.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Investors of record on Tuesday, October 29th will be issued 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 0.78%. ASML’s dividend payout ratio (DPR) is 28.70%.

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.