Marietta Wealth Management LLC Buys 358 Shares of ASML Holding (NASDAQ:ASML)

Marietta Wealth Management LLC boosted its position in shares of ASML Holding (NASDAQ:ASML) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,479 shares of the semiconductor company’s stock after acquiring an additional 358 shares during the period. Marietta Wealth Management LLC’s holdings in ASML were worth $7,065,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

ASML has been the topic of several recent research reports. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note 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. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three 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 stock. According to data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $720.91 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $828.69 and a 200-day moving average price of $912.16. The company has a market cap of $284.46 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. ASML Holding has a 12 month low of $573.86 and a 12 month 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 given 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 payout ratio is 28.70%.

ASML Company 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.