Victory Capital Management Inc. Cuts Stock Holdings in ASML Holding N.V. $ASML

Key Points

• Victory Capital Management Inc. reduced its stake by 81.3% in ASML during Q3, selling 518,586 shares and leaving 118,915 shares valued at $115,170,000 per its latest 13F filing.
• ASML raised its quarterly dividend to $3.1771 (from $1.88), implying a $12.71 annual payout with a 0.9% yield; the ex-dividend date is April 27 and the payment date is May 5.
• Analysts carry a consensus rating of "Moderate Buy" for ASML with an average price target of $1,475.00.

Victory Capital Management Inc. reduced its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 81.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,915 shares of the semiconductor company's stock after selling 518,586 shares during the period. Victory Capital Management Inc.'s holdings in ASML were worth $115,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ASML. Capstone Wealth Management Group LLC boosted its stake in ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company's stock valued at $1,664,000 after buying an additional 124 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company's stock worth $4,553,000 after acquiring an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company's stock valued at $11,404,000 after acquiring an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company's stock valued at $936,000 after purchasing an additional 15 shares in the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of ASML by 12.0% in the second quarter. Sigma Planning Corp now owns 959 shares of the semiconductor company's stock valued at $768,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Stock Performance

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

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 dividend of $3.1771 per share. 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 0.9%. The ex-dividend date of this dividend is Monday, April 27th. ASML's payout ratio is presently 25.10%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a research report on Wednesday, February 25th. Santander lowered ASML from a "neutral" rating to an "underperform" rating in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on ASML from $1,550.00 to $1,625.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Finally, TD Cowen reaffirmed a "buy" rating on shares of ASML in a research note on Wednesday, January 28th. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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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