Adell Harriman & Carpenter Inc. Has $870,000 Stock Position in ASML Holding (NASDAQ:ASML)

Adell Harriman & Carpenter Inc. increased its position in shares of ASML Holding (NASDAQ:ASML) by 23.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,044 shares of the semiconductor company’s stock after purchasing an additional 195 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in ASML were worth $870,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. bought a new stake in shares of ASML during the first quarter worth $308,000. Diversified Trust Co increased its position in shares of ASML by 16.1% during the first quarter. Diversified Trust Co now owns 950 shares of the semiconductor company’s stock worth $922,000 after buying an additional 132 shares during the period. Miracle Mile Advisors LLC lifted its holdings in ASML by 4.7% in the first quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 13 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in ASML during the 1st quarter worth about $915,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of ASML by 22.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,911 shares of the semiconductor company’s stock worth $8,648,000 after acquiring an additional 1,661 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on ASML shares. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. dropped their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock 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. Wells Fargo & Company dropped their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

Shares of ASML opened at $715.14 on Wednesday. The stock’s fifty day moving average price is $808.07 and its two-hundred day moving average price is $902.68. ASML Holding has a 1 year low of $582.48 and a 1 year high of $1,110.09. The firm has a market cap of $281.35 billion, a PE ratio of 37.44, a PEG ratio of 2.08 and a beta of 1.48. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. ASML’s dividend payout ratio is 29.42%.

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.