Connor Clark & Lunn Investment Management Ltd. Has $44.88 Million Stake in ASML Holding N.V. $ASML

Key Points

• Connor Clark & Lunn Investment Management increased its ASML stake by 31.4% in Q3 and now owns 46,357 shares worth $44.88 million.
• ASML announced a large dividend hike to a quarterly payout of $3.1771 per share (annualized $12.71), with an ex-dividend date of April 27 and payment on May 5, up from the prior $1.88 quarterly dividend.
• Analyst coverage is mixed but overall favorable, with a consensus rating of "Moderate Buy" and an average price target of $1,475.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 31.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,357 shares of the semiconductor company's stock after purchasing an additional 11,083 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in ASML were worth $44,878,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. HBK Sorce Advisory LLC increased its stake in ASML by 1.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company's stock worth $1,067,000 after acquiring an additional 10 shares during the period. Albion Financial Group UT increased its holdings in ASML by 27.8% in the 3rd quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company's stock valued at $45,000 after buying an additional 10 shares during the period. Global Assets Advisory LLC increased its stake in ASML by 2.3% in the third quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company's stock valued at $438,000 after acquiring an additional 10 shares during the last quarter. State of Wyoming raised its holdings in shares of ASML by 4.2% during the 3rd quarter. State of Wyoming now owns 247 shares of the semiconductor company's stock worth $239,000 after buying an additional 10 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in ASML by 3.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 345 shares of the semiconductor company's stock worth $334,000 after acquiring an additional 10 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ASML has been the subject of several research analyst reports. Grupo Santander downgraded shares of ASML to an "underperform" rating in a report on Thursday, January 22nd. Bank of America boosted their price objective on ASML from $1,092.00 to $1,331.00 and gave the stock a "buy" rating in a research report on Wednesday, December 3rd. Santander downgraded ASML from a "neutral" rating to an "underperform" rating in a research report on Thursday, January 22nd. Barclays raised ASML from an "equal weight" rating to an "overweight" rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group reiterated a "neutral" rating on shares of ASML in a research report on Wednesday, January 28th. Two equities 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,475.00.

ASML Trading Down 2.5%

NASDAQ ASML opened at $1,351.58 on Friday. The firm has a market capitalization of $531.55 billion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.88. The business's 50-day moving average price is $1,376.78 and its two-hundred day moving average price is $1,121.49. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,547.22.

ASML Increases Dividend

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

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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