ASML Holding (NASDAQ:ASML) Stock Position Raised by Solidarity Wealth LLC

Solidarity Wealth LLC boosted its holdings in ASML Holding (NASDAQ:ASML) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,079 shares of the semiconductor company’s stock after acquiring an additional 962 shares during the period. ASML comprises about 1.6% of Solidarity Wealth LLC’s investment portfolio, making the stock its 22nd biggest holding. Solidarity Wealth LLC’s holdings in ASML were worth $5,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Resources Management Corp CT ADV bought a new position in shares of ASML during the second quarter worth about $26,000. Triad Wealth Partners LLC bought a new position in ASML in the 2nd quarter worth about $31,000. First Community Trust NA acquired a new stake in shares of ASML in the second quarter valued at approximately $34,000. POM Investment Strategies LLC bought a new stake in shares of ASML during the second quarter valued at approximately $36,000. Finally, LRI Investments LLC acquired a new position in shares of ASML during the first quarter worth approximately $37,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

NASDAQ ASML opened at $683.83 on Thursday. ASML Holding has a 1 year low of $593.56 and a 1 year high of $1,110.09. The business’s fifty day moving average is $802.87 and its two-hundred day moving average is $901.15. The stock has a market capitalization of $269.03 billion, a P/E ratio of 35.80, 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 quick ratio of 0.84 and a current ratio of 1.52.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.42%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein lowered their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. JPMorgan Chase & Co. reduced their price objective 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. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

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.