PDS Planning Inc Lowers Stock Position in ASML Holding (NASDAQ:ASML)

PDS Planning Inc lessened its stake in ASML Holding (NASDAQ:ASML) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,330 shares of the semiconductor company’s stock after selling 184 shares during the quarter. PDS Planning Inc’s holdings in ASML were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ASML. Resources Management Corp CT ADV purchased a new position in ASML in the 2nd quarter worth about $26,000. Triad Wealth Partners LLC bought a new stake in shares of ASML during the 2nd quarter valued at about $31,000. First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter valued at about $34,000. POM Investment Strategies LLC bought a new stake in shares of ASML during the 2nd quarter valued at about $36,000. Finally, LRI Investments LLC bought a new stake in shares of ASML during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ASML shares. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Wells Fargo & Company lowered their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Sanford C. Bernstein decreased their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. decreased their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. 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 data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

Shares of ASML stock traded up $0.50 on Monday, hitting $675.23. The stock had a trading volume of 256,504 shares, compared to its average volume of 1,399,953. The company’s 50 day moving average price is $793.52 and its 200 day moving average price is $896.99. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $265.65 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 1.94 and a beta of 1.51. ASML Holding has a 52-week low of $631.17 and a 52-week high of $1,110.09.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.21%.

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.