Great Lakes Retirement Inc. Increases Stake in ASML Holding

Great Lakes Retirement Inc. has increased its investment in ASML Holding (NASDAQ:ASML) by 5.6% during the third quarter, according to reports from Holdings Channel. After acquiring an additional 78 shares during this time, the institutional investor now holds a total of 1,459 shares of the semiconductor giant's stock. The value of Great Lakes Retirement Inc.’s holdings in ASML is approximately $1,215,000 as of the end of the latest quarter.

In addition to Great Lakes Retirement Inc., several other institutional investors and hedge funds have recently made moves with ASML shares. For instance, Resources Management Corp CT ADV bought a new position in ASML during the second quarter, valued at about $26,000. Similarly, WD Rutherford LLC acquired a new stake in ASML worth about $29,000 during the first quarter. Triad Wealth Partners LLC also purchased shares of ASML with a value of approximately $31,000 in the second quarter. Furthermore, First Community Trust NA made a new investment in ASML amounting to $34,000, and POM Investment Strategies LLC added a stake valued at $36,000 during the same period. Collectively, institutional investors hold around 26.07% of ASML’s stock.

Analyst Ratings and Price Targets

Recent commentary from various market analysts shows differing views on ASML. UBS Group lowered its rating on ASML from “buy” to “neutral” in a report released on September 4th. On October 11th, Susquehanna adjusted their price target for ASML from $1,300.00 to $1,100.00 while maintaining a “positive” outlook for the company. On October 17th, JPMorgan Chase & Co. revised their target price from $1,207.00 to $1,148.00, maintaining an “overweight” rating on the stock. Also, Sanford C. Bernstein reduced their price target from $1,052.00 to $815.00, rating it as “outperform.” Wells Fargo & Company similarly cut their price target from $1,000.00 to $790.00 while keeping an “overweight” rating intact. Overall, three analysts have assigned a hold rating, nine have rated it as a buy, and two analysts have provided a strong buy rating for ASML. According to data from MarketBeat.com, ASML is currently rated as a “Moderate Buy” with an average price target of $970.60.

ASML Market Performance

On October 25th, shares of ASML opened at $710.81. The stock has a 52-week low of $581.57 and a high of $1,110.09. The company's 50-day moving average stands at $825.27, while its 200-day moving average is $910.74. ASML has a market capitalization of $280.48 billion and a price-to-earnings (P/E) ratio of 36.30, accompanied by a P/E to growth ratio of 2.08. The company’s beta is 1.48. Financially, ASML demonstrates a current ratio of 1.52, a quick ratio of 0.84, and a debt-to-equity ratio of 0.31.

Dividend Announcement

Recently, ASML also announced a quarterly dividend which is scheduled to be paid on November 7th. Shareholders who are on record as of October 29th will receive a dividend payout of $1.407. This translates to an annualized dividend of $5.63, offering a yield of 0.79%. The ex-dividend date for this payout is also set for October 29th. Presently, ASML has a dividend payout ratio of 28.70%.

About ASML

ASML Holding N.V. is focused on developing, producing, marketing, selling, and servicing sophisticated semiconductor equipment systems for manufacturers in the chip sector. Their offerings include advanced systems for lithography, metrology, and inspection, as well as extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography solutions, used to produce a variety of semiconductor technologies and nodes.

investment, semiconductor, shares