1832 Asset Management L.P. boosted its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 67.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,706 shares of the semiconductor company’s stock after acquiring an additional 2,302 shares during the period. 1832 Asset Management L.P.’s holdings in ASML were worth $4,573,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in ASML. Princeton Global Asset Management LLC increased its position in ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after buying an additional 20 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML during the second quarter valued at $30,000. Washington Trust Advisors Inc. increased its holdings in shares of ASML by 129.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 22 shares during the period. Maseco LLP acquired a new stake in shares of ASML in the 2nd quarter worth about $32,000. Finally, Knuff & Co LLC bought a new stake in ASML in the 1st quarter valued at about $33,000. 26.07% of the stock is owned by institutional investors.
ASML Stock Performance
Shares of ASML opened at $1,099.47 on Friday. The company has a market capitalization of $432.40 billion, a PE ratio of 44.75, a PEG ratio of 1.72 and a beta of 1.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The company’s 50 day moving average price is $1,028.77 and its 200 day moving average price is $862.98. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,141.72.
ASML Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were issued a $1.857 dividend. This is an increase from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. ASML’s payout ratio is 25.80%.
Analysts Set New Price Targets
ASML has been the topic of several analyst reports. New Street Research restated a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Barclays reissued a “neutral” rating on shares of ASML in a report on Wednesday, November 26th. Arete Research raised shares of ASML to a “strong-buy” rating in a report on Friday, September 12th. Redburn Partners set a $1,200.00 target price on shares of ASML in a research note on Friday, November 7th. Finally, Bank of America boosted their price target on shares of ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,171.83.
ASML 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.
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