FengHe Fund Management Pte. Ltd. Takes Position in ASML Holding N.V. $ASML

Key Points

• FengHe Fund Management Pte. Ltd. bought a new stake of 9,500 ASML shares (~$10.16 million), representing about 0.6% of its portfolio and making ASML its 28th largest holding.
• ASML increased its quarterly dividend to $3.1771 (up from $1.88), equal to a $12.71 annualized payout and a 0.9% yield; the ex-dividend date is April 27 and the payment date is May 5.
• Analysts remain broadly positive with a consensus rating of "Moderate Buy" and an average target of $1,504.38; the stock trades near a $563 billion market cap with a P/E of 51.38.

FengHe Fund Management Pte. Ltd. purchased a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,500 shares of the semiconductor company's stock, valued at approximately $10,164,000. ASML makes up approximately 0.6% of FengHe Fund Management Pte. Ltd.'s portfolio, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also modified their holdings of ASML. Capital International Investors grew its holdings in shares of ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company's stock valued at $3,791,982,000 after acquiring an additional 577,448 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of ASML during the 3rd quarter valued at $505,510,000. Regents of The University of California purchased a new position in shares of ASML during the 3rd quarter valued at $413,335,000. WCM Investment Management LLC grew its holdings in shares of ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company's stock valued at $1,861,445,000 after acquiring an additional 385,502 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company's stock valued at $765,632,000 after acquiring an additional 340,518 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML stock opened at $1,432.44 on Tuesday. The firm has a fifty day simple moving average of $1,401.92 and a 200-day simple moving average of $1,240.99. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 1-year low of $651.46 and a 1-year high of $1,547.22. The stock has a market capitalization of $563.35 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.48 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. Stockholders of record on Monday, April 27th will be paid a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This is a positive change from ASML's previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. ASML's dividend payout ratio is presently 23.24%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ASML. Wells Fargo & Company reiterated an "overweight" rating and issued a $1,750.00 target price on shares of ASML in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a research note on Thursday, April 16th. Royal Bank Of Canada lifted their target price on shares of ASML from $1,625.00 to $1,700.00 and gave the company an "outperform" rating in a research note on Thursday, April 16th. Berenberg Bank reiterated a "buy" rating on shares of ASML in a research note on Thursday, April 16th. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a research note on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, ASML has a consensus rating of "Moderate Buy" and an average target price of $1,504.38.

About ASML

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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