Talos Eurisko Asset Management LP Makes New $43.85 Million Investment in ASML Holding N.V. $ASML

Key Points

• Talos Eurisko purchased 45,300 shares of ASML in Q3 valued at approximately $43.85 million, making ASML about 8.4% of its portfolio and its third-largest holding.
• ASML raised its quarterly dividend to $3.1771 (annualized $12.71), with an ex-dividend date of April 27 and a yield of about 0.9%, up from the prior quarterly payout of $1.88.
• The company is large and richly valued — market cap roughly $550.3 billion and a P/E of about 54.2 — while analysts hold a "Moderate Buy" consensus with an average target price near $1,475.

Talos Eurisko Asset Management LP purchased a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,300 shares of the semiconductor company's stock, valued at approximately $43,854,000. ASML accounts for approximately 8.4% of Talos Eurisko Asset Management LP's portfolio, making the stock its 3rd biggest position.

A number of other hedge funds also recently modified their holdings of ASML. Fisher Asset Management LLC increased its holdings in ASML by 2.6% in the third quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company's stock valued at $4,213,705,000 after purchasing an additional 108,342 shares during the period. WCM Investment Management LLC grew its position in shares of ASML by 24.9% in 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 buying an additional 385,502 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ASML by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company's stock valued at $959,180,000 after buying an additional 38,660 shares during the period. Franklin Resources Inc. increased its stake in shares of ASML by 5.2% in the second quarter. Franklin Resources Inc. now owns 763,590 shares of the semiconductor company's stock valued at $611,933,000 after buying an additional 37,994 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of ASML by 14.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 583,093 shares of the semiconductor company's stock worth $467,285,000 after acquiring an additional 72,164 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,399.37 on Thursday. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,547.22. The stock's 50 day moving average is $1,342.26 and its 200-day moving average is $1,098.50. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $550.34 billion, a price-to-earnings ratio of 54.20, a PEG ratio of 1.55 and a beta of 1.88.

ASML Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a report on Wednesday, February 25th. TD Cowen reaffirmed a "buy" rating on shares of ASML in a research note on Wednesday, January 28th. Cantor Fitzgerald reiterated an "overweight" rating on shares of ASML in a research report on Tuesday, December 16th. Barclays upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a report on Monday, January 26th. Finally, Zacks Research downgraded ASML from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,475.00.

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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