Parallel Advisors LLC Cuts Stake in ASML Holding (NASDAQ:ASML)

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Parallel Advisors LLC lowered its position in ASML Holding (NASDAQ:ASML) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,684 shares of the semiconductor company’s stock after selling 198 shares during the quarter. Parallel Advisors LLC’s holdings in ASML were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Leavell Investment Management Inc. purchased a new stake in shares of ASML during the third quarter valued at approximately $588,000. Ethic Inc. boosted its stake in shares of ASML by 53.9% during the third quarter. Ethic Inc. now owns 2,543 shares of the semiconductor company’s stock valued at $939,000 after purchasing an additional 891 shares during the period. M&G Investment Management Ltd. purchased a new stake in shares of ASML during the third quarter valued at approximately $652,000. Calamos Wealth Management LLC boosted its stake in shares of ASML by 24.2% during the third quarter. Calamos Wealth Management LLC now owns 3,002 shares of the semiconductor company’s stock valued at $1,109,000 after purchasing an additional 585 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in shares of ASML by 25.7% during the third quarter. Integrated Investment Consultants LLC now owns 1,562 shares of the semiconductor company’s stock valued at $577,000 after purchasing an additional 319 shares during the period. 18.21% of the stock is owned by institutional investors and hedge funds.

ASML traded down $7.83 during trading on Friday, reaching $363.03. The stock had a trading volume of 20,542 shares, compared to its average volume of 876,643. The stock’s 50 day moving average is $373.59 and its two-hundred day moving average is $352.80. The company has a current ratio of 2.92, a quick ratio of 1.99 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $155.69 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 1.89 and a beta of 0.95. ASML Holding has a one year low of $191.25 and a one year high of $409.11.

The business also recently declared a semi-annual dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, November 3rd will be issued a dividend of $1.4095 per share. The ex-dividend date is Monday, November 2nd. This is an increase from ASML’s previous semi-annual dividend of $1.27. This represents a dividend yield of 0.6%. ASML’s dividend payout ratio (DPR) is presently 35.99%.

A number of research firms have recently weighed in on ASML. Sanford C. Bernstein lowered ASML from an “outperform” rating to a “market perform” rating and set a $322.00 price objective for the company. in a research note on Tuesday, July 28th. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, October 16th. Royal Bank of Canada upped their target price on ASML from $300.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Citigroup restated a “buy” rating on shares of ASML in a report on Monday, September 28th. Finally, Zacks Investment Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $383.60.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture variosus range of semiconductor nodes and technologies.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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