Financial Advocates Investment Management Has $2.65 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Financial Advocates Investment Management lifted its position in ASML Holding (NASDAQ:ASML) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,181 shares of the semiconductor company’s stock after acquiring an additional 251 shares during the period. Financial Advocates Investment Management’s holdings in ASML were worth $2,650,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ASML. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of ASML in the 1st quarter valued at approximately $308,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of ASML in the 1st quarter valued at approximately $915,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of ASML by 22.9% in the 1st 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. raised its holdings in ASML by 10.3% during the 1st quarter. Kovack Advisors Inc. now owns 748 shares of the semiconductor company’s stock worth $726,000 after buying an additional 70 shares during the period. Finally, Norden Group LLC raised its holdings in ASML by 109.3% during the 1st quarter. Norden Group LLC now owns 902 shares of the semiconductor company’s stock worth $876,000 after buying an additional 471 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of ASML opened at $672.55 on Friday. The stock has a market capitalization of $264.60 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a twelve month low of $593.56 and a twelve month high of $1,110.09. The company has a 50 day moving average of $798.17 and a 200-day moving average of $899.57. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. ASML’s dividend payout ratio is presently 29.42%.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. dropped their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Sanford C. Bernstein dropped their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three investment 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.