D.B. Root & Company LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

D.B. Root & Company LLC raised its position in ASML Holding (NASDAQ:ASML) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 538 shares of the semiconductor company’s stock after buying an additional 26 shares during the period. D.B. Root & Company LLC’s holdings in ASML were worth $448,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV bought a new position in ASML in the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC bought a new position in ASML in the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC bought a new position in ASML in the 2nd quarter worth approximately $31,000. First Community Trust NA bought a new position in ASML in the 2nd quarter worth approximately $34,000. Finally, POM Investment Strategies LLC bought a new position in ASML in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented 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 report on Friday, October 11th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Sanford C. Bernstein cut their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Performance

ASML stock opened at $661.43 on Thursday. The firm’s fifty day moving average price is $780.47 and its 200-day moving average price is $892.54. 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 $260.22 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. ASML Holding has a fifty-two week low of $633.53 and a fifty-two week high of $1,110.09.

ASML Cuts Dividend

The firm also recently announced 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 yield of 0.85%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s payout ratio is presently 29.21%.

ASML Company 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.