My Legacy Advisors LLC Sells 316 Shares of ASML Holding (NASDAQ:ASML)

My Legacy Advisors LLC trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 15.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,734 shares of the semiconductor company’s stock after selling 316 shares during the period. My Legacy Advisors LLC’s holdings in ASML were worth $1,445,000 at the end of the most recent quarter.

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

ASML Stock Performance

NASDAQ:ASML traded up $5.79 during mid-day trading on Tuesday, hitting $719.89. 1,407,224 shares of the company’s stock traded hands, compared to its average volume of 1,384,533. ASML Holding has a 12 month low of $573.86 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 firm has a 50 day moving average of $831.66 and a two-hundred day moving average of $913.99. The firm has a market capitalization of $284.06 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 17th. Stockholders of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.78%. ASML’s dividend payout ratio (DPR) is currently 28.70%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ASML shares. Wells Fargo & Company cut their price target 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. dropped their price target 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. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Sanford C. Bernstein lowered their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday. Three 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, ASML presently has a consensus 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.