ASML Holding (NASDAQ:ASML) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 3.4% during the third quarter, Holdings Channel.com reports. The firm owned 591 shares of the semiconductor company’s stock after selling 21 shares during the quarter. Crestwood Advisors Group LLC’s holdings in ASML were worth $492,000 as of its most recent filing with the SEC.

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

ASML Trading Down 2.2 %

ASML stock opened at $661.43 on Thursday. ASML Holding has a 52 week low of $633.53 and a 52 week high of $1,110.09. 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 firm has a market capitalization of $260.22 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 1.95 and a beta of 1.51. The company has a 50 day moving average price of $780.47 and a 200 day moving average price of $892.54.

ASML Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

Analyst Ratings Changes

ASML has been the topic of a number of research reports. Susquehanna dropped their price objective 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. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered 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 note on Thursday, October 17th. Wells Fargo & Company cut their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.