First Trust Direct Indexing L.P. Sells 151 Shares of ASML Holding (NASDAQ:ASML)

First Trust Direct Indexing L.P. cut its position in ASML Holding (NASDAQ:ASML) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,385 shares of the semiconductor company’s stock after selling 151 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in ASML were worth $6,154,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its position in ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the last quarter. Jennison Associates LLC lifted its position in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new stake in ASML in the first quarter valued at $542,710,000. International Assets Investment Management LLC grew its position in ASML by 94,079.7% during 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 purchasing an additional 491,096 shares during the period. Finally, GQG Partners LLC lifted its holdings in shares of ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

ASML traded down $21.86 on Wednesday, reaching $693.28. 1,238,833 shares of the company’s stock were exchanged, compared to its average volume of 1,389,940. The stock has a market cap of $272.75 billion, a PE ratio of 36.33, a P/E/G 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 Holding has a twelve month low of $593.56 and a twelve month high of $1,110.09. The stock’s fifty day moving average price is $808.07 and its 200-day moving average price is $902.68.

ASML Cuts Dividend

The business 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 dividend of $1.407 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.81%. ASML’s payout ratio is 29.42%.

Wall Street Analysts Forecast Growth

ASML has been the subject of several recent research reports. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company decreased their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

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.