Fortitude Family Office LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

Fortitude Family Office LLC boosted its holdings in shares of ASML Holding (NASDAQ:ASML) by 46.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47 shares of the semiconductor company’s stock after acquiring an additional 15 shares during the period. Fortitude Family Office LLC’s holdings in ASML were worth $39,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ASML shares. Susquehanna cut their price objective on shares of 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. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein reduced their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Wells Fargo & Company lowered their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Three research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Trading Up 0.9 %

Shares of NASDAQ ASML opened at $715.14 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $281.35 billion, a PE ratio of 37.44, a PEG ratio of 2.08 and a beta of 1.48. ASML Holding has a twelve month low of $582.48 and a twelve month high of $1,110.09. The stock has a fifty day simple moving average of $808.07 and a 200-day simple moving average of $902.68.

ASML Cuts Dividend

The company 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 $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.42%.

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.