Milestone Investment Advisors LLC Invests $28,000 in ASML Holding (NASDAQ:ASML)

Milestone Investment Advisors LLC bought a new stake in shares of ASML Holding (NASDAQ:ASML) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34 shares of the semiconductor company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in shares of ASML during the 1st quarter worth approximately $915,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in ASML by 22.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,911 shares of the semiconductor company’s stock worth $8,648,000 after purchasing an additional 1,661 shares during the period. Larson Financial Group LLC raised its holdings in ASML by 84.6% in the first quarter. Larson Financial Group LLC now owns 48 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 22 shares in the last quarter. Avidian Wealth Solutions LLC purchased a new position in ASML during the first quarter valued at $201,000. Finally, Csenge Advisory Group boosted its holdings in shares of ASML by 10.8% during the 1st quarter. Csenge Advisory Group now owns 1,458 shares of the semiconductor company’s stock valued at $1,415,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

ASML has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein lowered their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Performance

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

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.83%. ASML’s dividend payout ratio 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.