QRG Capital Management Inc. Buys 142 Shares of ASML Holding (NASDAQ:ASML)

QRG Capital Management Inc. raised its stake in shares of ASML Holding (NASDAQ:ASML) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,518 shares of the semiconductor company’s stock after purchasing an additional 142 shares during the period. QRG Capital Management Inc.’s holdings in ASML were worth $21,263,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after acquiring an additional 474,653 shares during the period. GQG Partners LLC grew its holdings in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the period. Janus Henderson Group PLC grew its stake in shares of ASML by 18.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after buying an additional 194,357 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of ASML by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock valued at $836,300,000 after buying an additional 2,085 shares during the period. 26.07% of the stock is owned by institutional investors.

ASML Stock Up 0.1 %

Shares of ASML traded up $0.39 on Monday, hitting $675.12. 74,415 shares of the stock traded hands, compared to its average volume of 1,399,099. The company has a market capitalization of $265.61 billion, a PE ratio of 35.28, a P/E/G ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The business has a 50 day simple moving average of $793.52 and a 200 day simple moving average of $896.99. ASML Holding has a one year low of $631.17 and a one year high of $1,110.09.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Sanford C. Bernstein cut their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Susquehanna cut their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their price target on 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. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.