ASML Holding (NASDAQ:ASML) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,498 shares of the semiconductor company's stock after selling 1,644 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in ASML were worth $38,744,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on ASML. Sanford C. Bernstein dropped their price objective on shares of ASML from $1,052.00 to $815.00 and set an "outperform" rating for the company in a report on Monday, October 21st. Berenberg Bank raised shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. UBS Group cut ASML from a "buy" rating to a "neutral" rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their target price on 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. Finally, Wells Fargo & Company decreased their price target on ASML from $1,000.00 to $790.00 and set an "overweight" rating on the stock in a research note on Thursday, October 17th. 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $970.60.

ASML Stock Down 4.5 %

Shares of ASML stock traded down $31.91 during trading on Wednesday, reaching $683.23. The company's stock had a trading volume of 2,639,379 shares, compared to its average volume of 1,396,609. ASML Holding has a 1-year low of $593.56 and a 1-year high of $1,110.09. The stock's 50-day moving average price is $808.07 and its 200 day moving average price is $902.68. The company has a market capitalization of $268.80 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML Cuts Dividend

The business 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 $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 payout ratio is presently 29.42%.

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.