Investment Research & Advisory Group Inc. Buys 270 Shares of ASML Holding (NASDAQ:ASML)

Investment Research & Advisory Group Inc. grew its stake in ASML Holding (NASDAQ:ASML) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,624 shares of the semiconductor company’s stock after buying an additional 270 shares during the quarter. ASML makes up 1.6% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 19th biggest holding. Investment Research & Advisory Group Inc.’s holdings in ASML were worth $3,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ASML. KP Management LLC lifted its stake in shares of ASML by 66.7% during the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 2,000 shares in the last quarter. Harvard Management Co. Inc. lifted its position in shares of ASML by 239.8% in the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after acquiring an additional 66,000 shares in the last quarter. Pictet North America Advisors SA lifted its position in shares of ASML by 15.0% in the third quarter. Pictet North America Advisors SA now owns 5,929 shares of the semiconductor company’s stock valued at $4,940,000 after acquiring an additional 773 shares in the last quarter. Point72 DIFC Ltd boosted its stake in shares of ASML by 122.1% in the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after acquiring an additional 3,527 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after purchasing an additional 14,682 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ASML shares. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company cut their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Up 0.3 %

Shares of NASDAQ:ASML opened at $710.81 on Friday. The company has a market cap of $280.48 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.08 and a beta of 1.48. ASML Holding has a 12 month low of $581.57 and a 12 month high of $1,110.09. 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 $825.27 and a 200 day moving average price of $910.74.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders 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 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.