ASML Holding (NASDAQ:ASML) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its stake in ASML Holding (NASDAQ:ASML) by 25.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,208 shares of the semiconductor company’s stock after selling 404 shares during the period. Heritage Investors Management Corp’s holdings in ASML were worth $1,007,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new stake in ASML in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new position in ASML in the 2nd quarter valued at about $31,000. First Community Trust NA purchased a new position in ASML in the 2nd quarter valued at about $34,000. POM Investment Strategies LLC purchased a new position in ASML in the 2nd quarter valued at about $36,000. Finally, LRI Investments LLC purchased a new position in ASML in the 1st quarter valued at about $37,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on ASML. Wells Fargo & Company decreased their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reduced their price target 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 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

ASML opened at $676.46 on Wednesday. The firm has a market cap of $266.13 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. ASML Holding has a fifty-two week low of $631.17 and a fifty-two week high of $1,110.09. The company’s 50-day moving average price is $785.01 and its 200 day moving average price is $894.17. 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 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 dividend of $1.407 per share. 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 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.