Cary Street Partners Asset Management LLC Trims Position in ASML Holding (NASDAQ:ASML)

Cary Street Partners Asset Management LLC lessened its stake in ASML Holding (NASDAQ:ASML) by 7.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 254 shares of the semiconductor company’s stock after selling 19 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in ASML were worth $212,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ASML. FSM Wealth Advisors LLC increased its position in ASML by 31.0% during the 3rd quarter. FSM Wealth Advisors LLC now owns 524 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 124 shares during the period. Alterna Wealth Management Inc. increased its position in ASML by 8.5% during the 3rd quarter. Alterna Wealth Management Inc. now owns 254 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 20 shares during the period. Rational Advisors LLC increased its position in ASML by 4.9% during the 3rd quarter. Rational Advisors LLC now owns 382 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 18 shares during the period. Quintet Private Bank Europe S.A. increased its position in ASML by 16.2% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 194 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 27 shares during the period. Finally, QRG Capital Management Inc. increased its position in ASML by 0.6% during the 3rd quarter. QRG Capital Management Inc. now owns 25,518 shares of the semiconductor company’s stock valued at $21,263,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

ASML has been the topic of a number of research reports. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company cut 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. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein cut their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Three investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Up 0.8 %

ASML stock opened at $676.46 on Wednesday. The firm has a 50 day moving average of $785.01 and a 200 day moving average of $894.17. The stock has a market capitalization of $266.13 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a 52 week low of $631.17 and a 52 week high of $1,110.09.

ASML Cuts Dividend

The business 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. This represents a $5.63 dividend on an annualized basis and a 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%.

About ASML

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.