Rheos Capital Works Inc. Takes $4.39 Million Position in ASML Holding N.V. $ASML

Key Points

• Rheos Capital Works Inc. established a new Q4 position in ASML, buying 4,100 shares worth about $4.39 million according to its latest 13F filing.
• ASML sharply raised its quarterly dividend to $3.1771 (annualized $12.71) with a record/ex-dividend date of April 27 and payment on May 5, implying a roughly 1.0% yield.
• Analysts have a consensus rating of "Moderate Buy" on ASML with an average price target of $1,482.50, though some firms (e.g., Sanford Bernstein) have higher targets and buy ratings.

Rheos Capital Works Inc. bought a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,100 shares of the semiconductor company's stock, valued at approximately $4,386,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Stockton grew its stake in ASML by 12.9% in the fourth quarter. Bank of Stockton now owns 1,925 shares of the semiconductor company's stock worth $2,059,000 after purchasing an additional 220 shares during the period. Aaron Wealth Advisors LLC grew its stake in ASML by 37.1% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,497 shares of the semiconductor company's stock worth $3,741,000 after purchasing an additional 946 shares during the period. Avantra Family Wealth Inc. grew its stake in ASML by 3.2% in the fourth quarter. Avantra Family Wealth Inc. now owns 481 shares of the semiconductor company's stock worth $515,000 after purchasing an additional 15 shares during the period. Portside Wealth Group LLC grew its stake in ASML by 17.9% in the fourth quarter. Portside Wealth Group LLC now owns 2,365 shares of the semiconductor company's stock worth $2,530,000 after purchasing an additional 359 shares during the period. Finally, Sound Income Strategies LLC grew its stake in ASML by 384.4% in the fourth quarter. Sound Income Strategies LLC now owns 155 shares of the semiconductor company's stock worth $166,000 after purchasing an additional 123 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of ASML in a research note on Tuesday, March 31st. Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a research note on Friday, January 23rd. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a research note on Wednesday, January 28th. Sanford C. Bernstein upped their price target on ASML to $1,971.00 and gave the stock a "buy" rating in a research note on Thursday, March 26th. Finally, UBS Group reaffirmed a "buy" rating on shares of ASML in a research note on Tuesday, March 3rd. Two 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,482.50.

ASML Trading Down 1.0%

NASDAQ ASML opened at $1,304.01 on Tuesday. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,547.22. The stock has a market cap of $512.84 billion, a P/E ratio of 50.50, a P/E/G ratio of 1.27 and a beta of 1.88. The stock's fifty day moving average price is $1,391.56 and its 200-day moving average price is $1,191.69. 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 Increases Dividend

The business also recently announced 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. This is an increase from ASML's previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, April 27th. 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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