Whittier Trust Co. of Nevada Inc. Acquires 421 Shares of ASML Holding (NASDAQ:ASML)

Whittier Trust Co. of Nevada Inc. raised its holdings in ASML Holding (NASDAQ:ASML) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,052 shares of the semiconductor company’s stock after buying an additional 421 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in ASML were worth $12,542,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ASML. Resources Management Corp CT ADV bought a new position in ASML in the 2nd quarter worth $26,000. WD Rutherford LLC purchased a new stake in shares of ASML during the 1st quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the 2nd quarter worth $31,000. First Community Trust NA bought a new stake in shares of ASML in the second quarter worth $34,000. Finally, POM Investment Strategies LLC purchased a new position in ASML in the second quarter worth about $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 1.4 %

Shares of ASML stock traded down $10.33 during trading hours on Monday, reaching $712.93. 1,983,692 shares of the stock were exchanged, compared to its average volume of 1,382,994. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a 12-month low of $573.86 and a 12-month high of $1,110.09. The firm has a market capitalization of $281.31 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company’s 50-day moving average price is $834.43 and its 200-day moving average price is $915.67.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. ASML’s dividend payout ratio is 28.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ASML shares. Wells Fargo & Company lowered their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday. Sanford C. Bernstein reduced 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. Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. decreased their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.