Wellington Management Group LLP Purchases 232,960 Shares of ASML Holding N.V. $ASML

Key Points

• Wellington Management Group LLP increased its stake in ASML by 25.2% in Q3, buying 232,960 shares to hold 1,157,324 shares (about 0.29% of the company) valued at roughly $1.12 billion.
• ASML raised its quarterly dividend to $3.1771 per share (annualized $12.71) from $1.88, payable May 5 with an ex-dividend date of April 27, representing a yield of about 0.9%.
• Analysts show a consensus of a "Moderate Buy" with a $1,475 average target price, based on a mix of ratings (2 Strong Buy, 21 Buy, 6 Hold, 2 Sell).

Wellington Management Group LLP boosted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 25.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,157,324 shares of the semiconductor company's stock after purchasing an additional 232,960 shares during the quarter. Wellington Management Group LLP owned about 0.29% of ASML worth $1,120,394,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position 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 worth $4,213,705,000 after buying an additional 108,342 shares during the last quarter. Capital International Investors increased its holdings in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company's stock worth $3,791,982,000 after purchasing an additional 577,448 shares during the period. Van ECK Associates Corp raised its holdings in shares of ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company's stock valued at $2,079,948,000 after acquiring an additional 305,435 shares in the last quarter. WCM Investment Management LLC lifted 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 worth $1,861,445,000 after purchasing an additional 385,502 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company's stock valued at $959,180,000 after purchasing an additional 38,660 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

Shares of ASML stock opened at $1,345.69 on Friday. The firm has a market capitalization of $529.23 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 1.30 and a beta of 1.88. 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 stock's 50-day simple moving average is $1,380.42 and its 200-day simple moving average is $1,125.60. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,547.22.

ASML Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, April 27th. This is an increase from ASML's previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. ASML's payout ratio is presently 25.10%.

Analysts Set New Price Targets

ASML has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a "buy" rating on shares of ASML in a research note on Monday, February 2nd. TD Cowen restated a "buy" rating on shares of ASML in a research note on Wednesday, January 28th. Bank of America lifted their target price on ASML from $1,092.00 to $1,331.00 and gave the company a "buy" rating in a research note on Wednesday, December 3rd. Berenberg Bank reissued a "buy" rating on shares of ASML in a research report on Friday, January 23rd. Finally, Santander downgraded shares of ASML from a "neutral" rating to an "underperform" rating in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and a consensus 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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