Mirae Asset Global Investments Co. Ltd. Increases Holdings in ASML Holding (NASDAQ:ASML)

Mirae Asset Global Investments Co. Ltd. grew its holdings in ASML Holding (NASDAQ:ASML) by 11.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 107,710 shares of the semiconductor company’s stock after acquiring an additional 11,279 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in ASML were worth $90,642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Asset Advisory Services LLC lifted its position in shares of ASML by 16.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 334 shares of the semiconductor company’s stock worth $327,000 after buying an additional 46 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in ASML in the first quarter valued at $237,000. Norris Perne & French LLP MI purchased a new position in shares of ASML during the first quarter worth about $212,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of ASML during the first quarter worth about $308,000. Finally, Vicus Capital purchased a new stake in shares of ASML in the 1st quarter valued at about $328,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ASML. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lowered their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced 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 report on Thursday, October 17th. Finally, Susquehanna lowered 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. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

NASDAQ ASML opened at $711.70 on Friday. The stock has a market capitalization of $280.83 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.08 and a beta of 1.48. The business’s 50 day moving average is $816.78 and its two-hundred day moving average is $907.47. ASML Holding has a 12-month low of $582.48 and a 12-month high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

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 issued a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio is presently 28.70%.

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.