International Assets Investment Management LLC Grows Position in ASML Holding (NASDAQ:ASML)

International Assets Investment Management LLC increased its holdings in ASML Holding (NASDAQ:ASML) by 94,079.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 491,618 shares of the semiconductor company’s stock after purchasing an additional 491,096 shares during the period. ASML accounts for 0.5% of International Assets Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. International Assets Investment Management LLC owned about 0.12% of ASML worth $4,096,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors 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 second quarter valued at $26,000. WD Rutherford LLC purchased a new stake in shares of ASML in the first quarter valued at $29,000. Triad Wealth Partners LLC purchased a new stake in ASML during the second quarter valued at about $31,000. First Community Trust NA purchased a new stake in ASML during the second quarter valued at about $34,000. Finally, POM Investment Strategies LLC purchased a new stake in ASML during the second quarter valued at about $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 1.7 %

Shares of ASML opened at $708.62 on Thursday. 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 12 month low of $581.57 and a 12 month high of $1,110.09. The stock’s 50-day moving average is $825.27 and its two-hundred day moving average is $910.74. The stock has a market cap of $279.61 billion, a PE ratio of 36.19, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The firm also recently declared 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 dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 28.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on 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. Finally, Sanford C. Bernstein lowered their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus price target 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.