ASML Holding N.V. $ASML Shares Acquired by Van ECK Associates Corp

Key Points

• Van ECK Associates raised its ASML stake 16.6% in Q3 to 2,148,506 shares (adding 305,435 shares), making ASML its 7th-largest holding worth about $2.08 billion and representing 1.9% of Van ECK's portfolio.
• Dividend increase: ASML raised its quarterly dividend to $3.1771 per share (from $1.88), a $12.71 annualized payout with a 0.9% yield; the record/ex-dividend and payment dates are April 27 and May 5, respectively.
• Analyst and valuation snapshot: ASML has a market cap near $534 billion and a PE of ~52.6, with a consensus rating of "Moderate Buy" and an average target price of $1,475.

Van ECK Associates Corp raised its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 16.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,148,506 shares of the semiconductor company's stock after acquiring an additional 305,435 shares during the period. ASML makes up 1.9% of Van ECK Associates Corp's portfolio, making the stock its 7th biggest position. Van ECK Associates Corp owned about 0.55% of ASML worth $2,079,948,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of ASML during the 3rd quarter valued at $25,000. City Holding Co. acquired a new position in shares of ASML during the third quarter worth about $26,000. Binnacle Investments Inc grew its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock valued at $27,000 after buying an additional 15 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of ASML during the 2nd quarter valued at about $30,000. Finally, IAG Wealth Partners LLC boosted its holdings in ASML by 300.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 40 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Price Performance

NASDAQ ASML opened at $1,357.42 on Tuesday. The firm has a market capitalization of $533.85 billion, a PE ratio of 52.57, a P/E/G ratio of 1.25 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,547.22. The company's 50 day simple moving average is $1,358.58 and its 200 day simple moving average is $1,113.58.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be paid a dividend of $3.1771 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. This is a boost from ASML's previous quarterly dividend of $1.88. ASML's dividend payout ratio is 25.10%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASML. TD Cowen reaffirmed a "buy" rating on shares of ASML in a research note on Wednesday, January 28th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of ASML in a research note on Monday, February 2nd. Barclays raised shares of ASML from an "equal weight" rating to an "overweight" rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a research note on Wednesday, February 25th. Finally, Grupo Santander downgraded shares of ASML to an "underperform" rating in a report on Thursday, January 22nd. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,475.00.

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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