ASML Holding (NASDAQ:ASML) Shares Purchased by Northeast Investment Management

Northeast Investment Management boosted its stake in ASML Holding (NASDAQ:ASML) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,800 shares of the semiconductor company’s stock after acquiring an additional 1,801 shares during the period. ASML accounts for about 1.5% of Northeast Investment Management’s holdings, making the stock its 23rd biggest position. Northeast Investment Management’s holdings in ASML were worth $33,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new position in ASML during the 2nd quarter worth approximately $26,000. Triad Wealth Partners LLC acquired a new position in ASML during the 2nd quarter worth approximately $31,000. First Community Trust NA acquired a new position in ASML during the 2nd quarter worth approximately $34,000. POM Investment Strategies LLC acquired a new position in ASML during the 2nd quarter worth approximately $36,000. Finally, LRI Investments LLC purchased a new stake in shares of ASML during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Up 0.3 %

Shares of ASML opened at $674.73 on Monday. The stock has a fifty day moving average of $793.52 and a two-hundred day moving average of $896.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The company has a market capitalization of $265.45 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. ASML Holding has a fifty-two week low of $627.09 and a fifty-two week high of $1,110.09.

ASML Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASML. Wells Fargo & Company decreased their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein decreased their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Susquehanna decreased their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

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.