Frank Rimerman Advisors LLC Has $2.96 Million Stake in ASML Holding (NASDAQ:ASML)

Frank Rimerman Advisors LLC cut its holdings in ASML Holding (NASDAQ:ASML) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,557 shares of the semiconductor company’s stock after selling 95 shares during the period. Frank Rimerman Advisors LLC’s holdings in ASML were worth $2,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASML. Jennison Associates LLC increased its holdings in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares in the last quarter. GQG Partners LLC increased its stake in shares of ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after acquiring an additional 294,784 shares in the last quarter. Van ECK Associates Corp boosted its stake in ASML by 15.4% during the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after acquiring an additional 170,992 shares in the last quarter. Janus Henderson Group PLC grew its holdings in ASML by 18.9% in the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock worth $1,184,173,000 after purchasing an additional 194,357 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after purchasing an additional 870,010 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

ASML opened at $711.70 on Friday. ASML Holding has a 1 year low of $582.48 and a 1 year high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company has a market capitalization of $280.83 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 2.08 and a beta of 1.48. The firm’s fifty day moving average price is $816.78 and its two-hundred day moving average price is $906.89.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be issued a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.70%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ASML shares. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein reduced their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $970.60.

ASML Company Profile

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.