Oak Harvest Investment Services Decreases Stock Holdings in ASML Holding (NASDAQ:ASML)

Oak Harvest Investment Services lowered its position in ASML Holding (NASDAQ:ASML) by 59.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,200 shares of the semiconductor company’s stock after selling 1,751 shares during the period. Oak Harvest Investment Services’ holdings in ASML were worth $1,000,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ASML. Jennison Associates LLC increased its position in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares in the last quarter. GQG Partners LLC increased its position in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares in the last quarter. Van ECK Associates Corp raised its stake in ASML by 15.4% in the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after buying an additional 170,992 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in ASML by 18.9% in the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock worth $1,184,173,000 after acquiring an additional 194,357 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after acquiring an additional 870,010 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna lowered their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Sanford C. Bernstein reduced their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Down 4.4 %

Shares of ASML stock opened at $683.83 on Thursday. 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 twelve month low of $593.56 and a twelve month high of $1,110.09. The stock has a 50 day moving average of $802.87 and a 200 day moving average of $901.15. The stock has a market cap of $269.03 billion, a P/E ratio of 35.80, a P/E/G 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 Thursday, November 7th. Investors of record on Tuesday, October 29th will be paid a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.42%.

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.