Maxi Investments CY Ltd Makes New $1.45 Million Investment in ASML Holding N.V. $ASML

Key Points

• Maxi Investments CY Ltd bought 800 ASML shares worth approximately $1.45 million during the third quarter. Other major institutions, including VanEck and BlackRock, also increased their holdings, with institutional investors owning 26.07% of the company.
• ASML reported quarterly revenue of $13.27 billion and earnings per share of $14.71, while analysts project full-year EPS of $46.03.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $2,079.12. ASML reduced its quarterly dividend to $2.1077, representing a 0.5% annualized yield.

Maxi Investments CY Ltd purchased a new position in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 800 shares of the semiconductor company's stock, valued at approximately $1,449,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its stake in shares of ASML by 31.7% in the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock valued at $4,892,869,000 after buying an additional 592,125 shares during the period. BlackRock Inc. grew its position in ASML by 4.9% during the second quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company's stock worth $2,550,840,000 after buying an additional 59,888 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock valued at $2,168,227,000 after acquiring an additional 96,860 shares during the period. Bank of America Corp DE increased its stake in ASML by 1.2% during the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company's stock valued at $2,060,833,000 after acquiring an additional 19,051 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in ASML by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company's stock valued at $1,364,963,000 after acquiring an additional 18,768 shares during the period. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

ASML stock opened at $1,590.90 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01. The company has a market capitalization of $613.16 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.77. ASML Holding N.V. has a one year low of $946.11 and a one year high of $1,999.96. The business has a 50 day simple moving average of $1,722.74 and a 200 day simple moving average of $1,586.27.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. The firm had revenue of $13.27 billion for the quarter. On average, sell-side analysts forecast that ASML Holding N.V. will post 46.03 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be paid a $2.1077 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $8.43 annualized dividend and a dividend yield of 0.5%. This is a drop from ASML's previous quarterly dividend of $2.1507. ASML's dividend payout ratio is presently 17.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings raised ASML from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 16th. Argus set a $2,100.00 price objective on ASML in a report on Thursday, July 16th. UBS Group restated a "buy" rating on shares of ASML in a research report on Monday, September 28th. Morgan Stanley restated an "overweight" rating on shares of ASML in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a research note on Friday, July 10th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,079.12.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML's product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.

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