ASML Holding N.V. $ASML is BlueSpruce Investments LP's 9th Largest Position

Key Points

• BlueSpruce Investments boosted its stake in ASML by 18,861.1% in Q3 to 244,977 shares, worth about $237.16 million and making ASML its 9th-largest position (5.4% of the fund).
• ASML raised its quarterly dividend to $3.1771 (from $1.88), implying a $12.71 annualized payout and a 0.9% yield; the ex-dividend and record date is April 27 and the dividend is payable May 5.
• Wall Street's consensus is a “Moderate Buy” with a $1,475 target; the stock has a $529.24 billion market cap, a P/E of 52.12, and a 52-week range of $578.51–$1,547.22.

BlueSpruce Investments LP lifted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 18,861.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,977 shares of the semiconductor company's stock after acquiring an additional 243,685 shares during the period. ASML makes up 5.4% of BlueSpruce Investments LP's portfolio, making the stock its 9th biggest position. BlueSpruce Investments LP owned about 0.06% of ASML worth $237,160,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ASML. Manning & Napier Advisors LLC purchased a new stake in ASML during the 3rd quarter worth $25,000. City Holding Co. purchased a new position in ASML in the third quarter valued at about $26,000. Binnacle Investments Inc lifted its stake in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 15 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML during the second quarter worth about $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of ASML in the third quarter worth about $34,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of several analyst reports. Sanford C. Bernstein reiterated a "buy" rating on shares of ASML in a report on Wednesday, February 25th. Santander cut ASML from a "neutral" rating to an "underperform" rating in a report on Thursday, January 22nd. UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Tuesday, March 3rd. TD Cowen reiterated a "buy" rating on shares of ASML in a research note on Wednesday, January 28th. Finally, Grupo Santander downgraded shares of ASML to an "underperform" rating in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,475.00.

ASML Stock Performance

Shares of ASML stock opened at $1,345.69 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,547.22. The company's 50-day simple moving average is $1,380.42 and its 200-day simple moving average is $1,128.13. The stock has a market capitalization of $529.24 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 1.30 and a beta of 1.88.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be paid a dividend of $3.1771 per share. The ex-dividend date is Monday, April 27th. This is an increase from ASML's previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a yield of 0.9%. ASML's payout ratio is currently 41.83%.

ASML Company 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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