Harvest Fund Management Co. Ltd Sells 1,373 Shares of ASML Holding N.V. $ASML

Harvest Fund Management Co. Ltd decreased its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 12.4% in the third quarter, Holdings Channel reports. The fund owned 9,690 shares of the semiconductor company’s stock after selling 1,373 shares during the period. Harvest Fund Management Co. Ltd’s holdings in ASML were worth $9,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in ASML. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its position in shares of ASML by 256.2% during the 3rd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 1,300 shares of the semiconductor company’s stock worth $1,259,000 after purchasing an additional 935 shares during the last quarter. Maia Wealth LLC acquired a new stake in ASML in the 3rd quarter valued at approximately $239,000. Main Street Research LLC grew its holdings in ASML by 131.1% in the 3rd quarter. Main Street Research LLC now owns 40,434 shares of the semiconductor company’s stock valued at $39,144,000 after buying an additional 22,937 shares during the last quarter. Nicolet Bankshares Inc. bought a new position in ASML in the 3rd quarter worth approximately $212,000. Finally, Regal Investment Advisors LLC acquired a new position in shares of ASML during the third quarter worth approximately $334,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Trading Down 0.4%

Shares of ASML stock opened at $1,345.69 on Friday. The firm has a fifty day moving average of $1,380.42 and a 200-day moving average of $1,125.60. The stock has a market cap of $529.23 billion, a price-to-earnings ratio of 52.12, a P/E/G ratio of 1.30 and a beta of 1.88. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,547.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be given a $3.1771 dividend. This represents a $12.71 annualized dividend and a yield of 0.9%. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date of this dividend is Monday, April 27th. ASML’s dividend payout ratio (DPR) is currently 25.10%.

Analysts Set New Price Targets

ASML has been the topic of several research analyst reports. TD Cowen restated a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a report on Wednesday, February 25th. JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a research report on Monday, February 2nd. Finally, Grupo Santander downgraded shares of ASML to an “underperform” rating in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,475.00.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.