Northeast Investment Management Raises Holdings in ASML Holding (NASDAQ:ASML)

Northeast Investment Management grew its position in shares of ASML Holding (NASDAQ:ASML) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,800 shares of the semiconductor company’s stock after purchasing an additional 1,801 shares during the period. ASML makes up about 1.5% of Northeast Investment Management’s holdings, making the stock its 23rd largest holding. Northeast Investment Management’s holdings in ASML were worth $33,997,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. KG&L Capital Management LLC lifted its stake in ASML by 122.2% during the third quarter. KG&L Capital Management LLC now owns 6,060 shares of the semiconductor company’s stock worth $5,049,000 after purchasing an additional 3,333 shares in the last quarter. Forum Financial Management LP lifted its stake in ASML by 1.2% during the third quarter. Forum Financial Management LP now owns 2,182 shares of the semiconductor company’s stock worth $1,818,000 after purchasing an additional 26 shares in the last quarter. Blue Square Asset Management LLC lifted its stake in ASML by 56.3% during the third quarter. Blue Square Asset Management LLC now owns 2,891 shares of the semiconductor company’s stock worth $2,409,000 after purchasing an additional 1,041 shares in the last quarter. BSW Wealth Partners lifted its stake in ASML by 16.6% during the third quarter. BSW Wealth Partners now owns 872 shares of the semiconductor company’s stock worth $727,000 after purchasing an additional 124 shares in the last quarter. Finally, Nvwm LLC lifted its stake in ASML by 48.0% during the third quarter. Nvwm LLC now owns 2,364 shares of the semiconductor company’s stock worth $1,970,000 after purchasing an additional 767 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML stock opened at $674.73 on Monday. The stock’s 50-day moving average is $793.52 and its two-hundred day moving average is $896.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a 1 year low of $627.09 and a 1 year high of $1,110.09. The firm has a market cap of $265.45 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.94 and a beta of 1.51.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders 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 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%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Sanford C. Bernstein reduced their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Three 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

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.