Mcintyre Freedman & Flynn Investment Advisers Inc. Purchases 935 Shares of ASML Holding N.V. $ASML

Key Points

• Mcintyre Freedman & Flynn increased its stake in ASML by 256.2% in Q3, buying 935 shares to hold 1,300 shares worth about $1.259 million at quarter-end.
• ASML raised its quarterly dividend to $3.1771 per share (up from $1.88), with an ex-dividend date of April 27 and a payable date of May 5, implying an annualized dividend of $12.71 and a yield of 0.9%.
• Analysts are broadly positive: ASML's average rating is a "Moderate Buy" with an average price target of $1,475, supported by multiple recent upgrades and buy/positive reiterations.

Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 256.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,300 shares of the semiconductor company's stock after buying an additional 935 shares during the quarter. Mcintyre Freedman & Flynn Investment Advisers Inc.'s holdings in ASML were worth $1,259,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ASML. Telos Capital Management Inc. boosted its stake in shares of ASML by 4.5% in the third quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company's stock worth $10,504,000 after acquiring an additional 463 shares during the period. Regents of The University of California purchased a new position in ASML in the 3rd quarter worth approximately $413,335,000. Transcendent Capital Group LLC purchased a new position in ASML in the 3rd quarter worth approximately $680,000. Dimensional Fund Advisors LP lifted its holdings in ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company's stock worth $959,180,000 after purchasing an additional 38,660 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company's stock worth $15,086,000 after purchasing an additional 4,001 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ASML. Barclays upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a research report on Monday, January 26th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of ASML in a research note on Wednesday, February 25th. Susquehanna reiterated a "positive" rating on shares of ASML in a report on Monday, January 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of ASML in a research note on Wednesday, January 28th. Finally, KGI Securities set a $1,415.00 price objective on shares of ASML and gave the company an "outperform" rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,475.00.

ASML Stock Down 0.4%

NASDAQ ASML 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. The company has a market capitalization of $529.23 billion, a P/E ratio of 52.12, a P/E/G ratio of 1.30 and a beta of 1.88. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,547.22. The stock has a 50 day moving average price of $1,380.42 and a 200-day moving average price of $1,125.60.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors 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 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 yield of 0.9%. ASML's payout ratio is currently 25.10%.

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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