Harbor Advisory Corp MA Takes $246,000 Position in ASML Holding (NASDAQ:ASML)

Harbor Advisory Corp MA bought a new stake in ASML Holding (NASDAQ:ASML) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 295 shares of the semiconductor company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the 2nd quarter valued at about $26,000. WD Rutherford LLC purchased a new stake in ASML during the 1st quarter valued at approximately $29,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter valued at approximately $31,000. First Community Trust NA purchased a new stake in ASML during the 2nd quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC purchased a new stake in ASML during the 2nd quarter valued at approximately $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASML has been the subject of several analyst reports. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on 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. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

NASDAQ:ASML traded up $5.50 during trading hours on Tuesday, reaching $719.60. 832,420 shares of the company traded hands, compared to its average volume of 1,381,715. The firm’s 50-day moving average is $831.66 and its 200-day moving average is $913.99. The stock has a market cap of $283.95 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a 1-year low of $573.86 and a 1-year high of $1,110.09.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, November 17th. Shareholders of record on Tuesday, October 29th will be issued a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.70%.

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.