ASML Holding (NASDAQ:ASML) Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. reduced its holdings in ASML Holding (NASDAQ:ASML) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 964 shares of the semiconductor company’s stock after selling 170 shares during the period. Valley National Advisers Inc.’s holdings in ASML were worth $803,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its position in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares during the period. GQG Partners LLC raised its holdings in shares of ASML by 21.6% in the 1st 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. Van ECK Associates Corp raised its holdings in shares of ASML by 15.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after buying an additional 170,992 shares during the period. Janus Henderson Group PLC raised its holdings in shares of ASML by 18.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after buying an additional 194,357 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Susquehanna cut 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. JPMorgan Chase & Co. cut their price target 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. Wells Fargo & Company lowered their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three 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. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Trading Up 0.1 %

NASDAQ:ASML opened at $711.70 on Monday. The business’s 50-day moving average is $816.78 and its two-hundred day moving average is $906.42. 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 12 month low of $582.48 and a 12 month high of $1,110.09. 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.

ASML Cuts Dividend

The firm also recently announced 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. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Tuesday, October 29th. 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.