GW Henssler & Associates Ltd. Buys New Shares in ASML Holding (NASDAQ:ASML)

GW Henssler & Associates Ltd. acquired a new position in ASML Holding (NASDAQ:ASML - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,502 shares of the semiconductor company's stock, valued at approximately $9,584,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Resources Management Corp CT ADV acquired a new position in shares of ASML in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC bought a new position in ASML during the second quarter worth about $31,000. First Community Trust NA acquired a new position in shares of ASML during the 2nd quarter worth about $34,000. POM Investment Strategies LLC bought a new stake in shares of ASML in the 2nd quarter valued at about $36,000. Finally, LRI Investments LLC acquired a new stake in shares of ASML in the 1st quarter valued at approximately $37,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ASML. Wells Fargo & Company reduced their price target on shares of ASML from $1,000.00 to $790.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. Susquehanna decreased their target price on 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. UBS Group lowered ASML from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Finally, Morgan Stanley cut ASML from an "overweight" rating to an "equal weight" rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given 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 price target of $970.60.

ASML Stock Up 0.9 %

Shares of ASML traded up $6.49 during mid-day trading on Tuesday, hitting $715.14. 1,442,864 shares of the company's stock were exchanged, compared to its average volume of 1,390,650. The company has a 50-day simple moving average of $812.29 and a 200 day simple moving average of $904.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company has a market cap of $282.19 billion, a PE ratio of 36.12, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a 52 week low of $582.48 and a 52 week high of $1,110.09.

ASML Cuts Dividend

The firm also recently disclosed 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 28.70%.

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.