Norris Perne & French LLP MI Has $211,000 Stock Holdings in ASML Holding (NASDAQ:ASML)

Norris Perne & French LLP MI boosted its position in shares of ASML Holding (NASDAQ:ASML) by 16.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 253 shares of the semiconductor company’s stock after purchasing an additional 35 shares during the period. Norris Perne & French LLP MI’s holdings in ASML were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ASML. Hennion & Walsh Asset Management Inc. acquired a new position in ASML in the first quarter worth approximately $308,000. Allspring Global Investments Holdings LLC bought a new stake in ASML during the 1st quarter valued at approximately $915,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of ASML by 22.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,911 shares of the semiconductor company’s stock valued at $8,648,000 after acquiring an additional 1,661 shares during the period. Kovack Advisors Inc. grew its position in ASML by 10.3% in the 1st quarter. Kovack Advisors Inc. now owns 748 shares of the semiconductor company’s stock worth $726,000 after purchasing an additional 70 shares during the last quarter. Finally, Norden Group LLC grew its position in ASML by 109.3% during the first quarter. Norden Group LLC now owns 902 shares of the semiconductor company’s stock worth $876,000 after buying an additional 471 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research reports. Susquehanna reduced their price objective 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. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. cut their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, nine have assigned 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 a consensus target price of $970.60.

ASML Stock Down 1.6 %

Shares of NASDAQ ASML opened at $672.55 on Friday. The firm has a 50 day moving average price of $798.17 and a 200 day moving average price of $899.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market cap of $264.59 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.98 and a beta of 1.48. ASML Holding has a 52-week low of $593.56 and a 52-week high of $1,110.09.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be given a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

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.