Arrowstreet Capital Limited Partnership Makes New $505.51 Million Investment in ASML Holding N.V. $ASML

Key Points

• Arrowstreet Capital bought a new position of 522,173 shares of ASML (~$505.51 million), representing about 0.13% of the company at the end of the reporting period.
• ASML raised its quarterly dividend to $3.1771 (annualized $12.71), implying a 0.9% yield with an ex-dividend date of April 27.
• Analyst consensus is a “Moderate Buy” with a $1,475 consensus price target; ASML trades at a market cap of ~$531.6 billion and a P/E of 52.35.

Arrowstreet Capital Limited Partnership purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 522,173 shares of the semiconductor company's stock, valued at approximately $505,510,000. Arrowstreet Capital Limited Partnership owned 0.13% of ASML at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ASML. Aristides Capital LLC lifted its stake in ASML by 17.8% in the third quarter. Aristides Capital LLC now owns 6,633 shares of the semiconductor company's stock valued at $6,421,000 after buying an additional 1,000 shares in the last quarter. Invesco Ltd. increased its position in shares of ASML by 21.3% during the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company's stock worth $822,492,000 after acquiring an additional 148,948 shares in the last quarter. Ironwood Investment Management LLC raised its holdings in shares of ASML by 98.1% during the third quarter. Ironwood Investment Management LLC now owns 1,529 shares of the semiconductor company's stock worth $1,480,000 after acquiring an additional 757 shares during the period. Employees Retirement System of Texas bought a new stake in ASML in the 3rd quarter valued at $48,000. Finally, Douglass Winthrop Advisors LLC lifted its position in ASML by 2.2% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 13,890 shares of the semiconductor company's stock valued at $13,447,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. KGI Securities set a $1,415.00 target price on ASML and gave the stock an "outperform" rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, February 25th. Weiss Ratings raised ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 26th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of ASML in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, ASML presently has an average rating of "Moderate Buy" and a consensus price target of $1,475.00.

ASML Price Performance

Shares of ASML opened at $1,351.58 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The company's fifty day simple moving average is $1,376.78 and its 200 day simple moving average is $1,121.49. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,547.22. The company has a market cap of $531.55 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 1.34 and a beta of 1.88.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be issued a $3.1771 dividend. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. This is a positive change from ASML's previous quarterly dividend of $1.88. ASML's payout ratio is currently 25.10%.

ASML Profile

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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