Great Lakes Retirement Inc. Increases Position in ASML Holding (NASDAQ:ASML)

Great Lakes Retirement Inc. has increased its investment in ASML Holding (NASDAQ:ASML – Free Report) by 5.6% during the third quarter, as reported by Holdings Channel. As a result of this increase, the institutional investor now owns 1,459 shares of the semiconductor company after adding 78 more shares during this period. The total value of Great Lakes Retirement Inc.'s holdings in ASML reached $1,215,000 at the close of the latest quarter.

In addition to Great Lakes Retirement Inc., several other institutional investors have also recently adjusted their positions in ASML. Resources Management Corp CT ADV started a new stake in ASML during the second quarter, valued at approximately $26,000. Moreover, WD Rutherford LLC acquired a new stake in the first quarter valued at around $29,000. Triad Wealth Partners LLC and First Community Trust NA also bought new stakes during the second quarter, valued at approximately $31,000 and $34,000, respectively. POM Investment Strategies LLC similarly acquired a new stake valued at $36,000 in the same period. Overall, 26.07% of ASML's stock is currently held by hedge funds and institutional investors.

Wall Street Analysts Have Their Say

Analysts on Wall Street have been active in providing their assessments of ASML. UBS Group recently downgraded ASML from a "buy" rating to a "neutral" rating in a report released on September 4. Susquehanna also decreased their price target on ASML shares from $1,300.00 to $1,100.00 and maintained a "positive" rating as of October 11. Similarly, JPMorgan Chase & Co. lowered their price target from $1,207.00 to $1,148.00, labeling the stock as "overweight" on October 17. Furthermore, Sanford C. Bernstein reduced their price target from $1,052.00 to $815.00, keeping an "outperform" rating for ASML. Lastly, Wells Fargo & Company also cut their price objective for ASML from $1,000.00 to $790.00 and maintained an "overweight" rating. In total, three analysts have placed a hold rating on the stock, nine have a buy rating, and two have given it a strong buy rating. According to MarketBeat.com, ASML currently enjoys an average rating of "Moderate Buy" with a mean price target of $970.60.

Recent Stock Performance

On the trading front, shares of NASDAQ:ASML were opening at $710.81 on the Friday of the report. Over the past year, ASML's shares have experienced a low of $581.57 and a high of $1,110.09. The company has a 50-day moving average price of $825.27, while its 200-day moving average is $910.74. With a market capitalization of $280.48 billion, ASML showcases a price-to-earnings (P/E) ratio of 36.30, a P/E/G ratio of 2.08, and a beta value of 1.48. Additionally, its current and quick ratios stand at 1.52 and 0.84, respectively, with a debt-to-equity ratio of 0.31.

Dividends Announced

In other financial news, ASML announced a quarterly dividend set to be paid on November 7. Shareholders on record as of October 29 will receive a dividend of $1.407. This brings ASML's annualized dividend to $5.63, offering a yield of 0.79%. The ex-dividend date for this payout is also October 29. Presently, ASML's dividend payout ratio stands at 28.70%.

About ASML Holding

ASML Holding N.V. is a leader in developing, producing, marketing, and servicing cutting-edge equipment systems for the semiconductor industry. The company specializes in lithography, metrology, and inspection systems, which are essential for chipmakers. It offers advanced technologies, including extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, which cater to various semiconductor manufacturing nodes and innovations.

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