Diversify Wealth Management LLC Acquires 411 Shares of ASML Holding (NASDAQ:ASML)

Diversify Wealth Management LLC raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 27.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the semiconductor company’s stock after purchasing an additional 411 shares during the quarter. Diversify Wealth Management LLC’s holdings in ASML were worth $1,583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Resources Management Corp CT ADV bought a new stake in ASML during the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new position in ASML during the 2nd quarter worth $31,000. First Community Trust NA purchased a new position in ASML during the 2nd quarter worth $34,000. POM Investment Strategies LLC purchased a new position in ASML during the 2nd quarter worth $36,000. Finally, LRI Investments LLC purchased a new position in ASML during the 1st quarter worth $37,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $683.83 on Thursday. The firm has a market cap of $269.03 billion, a price-to-earnings ratio of 35.80, 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 quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 52 week low of $593.56 and a 52 week high of $1,110.09. The firm’s 50-day simple moving average is $802.87 and its two-hundred day simple moving average is $901.15.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be given a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.42%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ASML. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three investment 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. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price 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.