ASML Holding (NASDAQ:ASML) Stake Decreased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG trimmed its holdings in ASML Holding (NASDAQ:ASML) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,082 shares of the semiconductor company’s stock after selling 71 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in ASML were worth $902,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new position in shares of ASML during the second quarter valued at $26,000. WD Rutherford LLC bought a new position in ASML in the 1st quarter valued at about $29,000. Triad Wealth Partners LLC acquired a new position in ASML during the 2nd quarter valued at about $31,000. First Community Trust NA acquired a new position in ASML during the 2nd quarter valued at about $34,000. Finally, POM Investment Strategies LLC bought a new stake in shares of ASML during the 2nd quarter worth about $36,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 1.0 %

Shares of ASML opened at $720.91 on Wednesday. The business’s 50-day moving average price is $828.69 and its 200 day moving average price is $912.16. 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 stock has a market capitalization of $284.46 billion, a P/E ratio of 36.82, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a 1-year low of $573.86 and a 1-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. Stockholders of record on Tuesday, October 29th will be issued 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 0.78%. ASML’s dividend payout ratio is currently 28.70%.

Analysts Set New Price Targets

A number of research analysts recently commented on ASML shares. JPMorgan Chase & Co. lowered 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 research note on Thursday, October 17th. Susquehanna lowered their price target 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. Sanford C. Bernstein cut their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.