Kornitzer Capital Management Inc. KS Acquires 6,455 Shares of ASML Holding (NASDAQ:ASML)

Kornitzer Capital Management Inc. KS lifted its stake in ASML Holding (NASDAQ:ASML) by 35.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,765 shares of the semiconductor company’s stock after purchasing an additional 6,455 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in ASML were worth $20,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASML. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the second quarter worth $26,000. Milestone Investment Advisors LLC purchased a new stake in ASML during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC bought a new stake in ASML during the 2nd quarter valued at about $31,000. First Community Trust NA purchased a new position in ASML in the second quarter worth about $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ ASML traded up $12.72 on Thursday, hitting $674.15. 539,790 shares of the company’s stock traded hands, compared to its average volume of 1,407,435. The firm’s 50-day moving average price is $780.47 and its two-hundred day moving average price is $892.54. ASML Holding has a 1-year low of $633.85 and a 1-year high of $1,110.09. The firm has a market capitalization of $265.23 billion, a PE ratio of 34.63, a P/E/G ratio of 1.95 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML Cuts Dividend

The business 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 $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.83%. ASML’s dividend payout ratio is presently 29.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ASML shares. JPMorgan Chase & Co. decreased their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.