ASML Holding (NASDAQ:ASML) Shares Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC cut its stake in shares of ASML Holding (NASDAQ:ASML) by 4.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 411 shares of the semiconductor company’s stock after selling 17 shares during the period. Outlook Wealth Advisors LLC’s holdings in ASML were worth $342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV raised its holdings in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after acquiring an additional 870,010 shares in the last quarter. Jennison Associates LLC lifted its position in shares of ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares during the last quarter. Fayez Sarofim & Co bought a new stake in shares of ASML in the first quarter valued at approximately $542,710,000. International Assets Investment Management LLC boosted its holdings in ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after purchasing an additional 491,096 shares during the period. Finally, GQG Partners LLC lifted its stake in shares of ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of several recent research reports. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein dropped their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Three investment 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’s stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Up 0.1 %

NASDAQ:ASML opened at $711.70 on Friday. The company has a market cap of $280.83 billion, a PE ratio of 36.35, a P/E/G ratio of 2.08 and a beta of 1.48. The firm’s 50 day simple moving average is $816.78 and its 200 day simple moving average is $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 one year low of $582.48 and a one year high of $1,110.09.

ASML Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.79%. ASML’s payout ratio is 28.70%.

About ASML

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.