ASML Holding N.V. $ASML Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its stake in ASML Holding N.V. (NASDAQ:ASML) by 4.3% in the third quarter, Holdings Channel reports. The fund owned 12,507 shares of the semiconductor company’s stock after buying an additional 512 shares during the quarter. NewEdge Wealth LLC’s holdings in ASML were worth $13,054,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Regents of The University of California purchased a new position in ASML in the 3rd quarter valued at about $413,335,000. WCM Investment Management LLC lifted its stake in shares of ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in ASML by 6.3% in the second quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock valued at $3,401,304,000 after purchasing an additional 250,934 shares during the last quarter. Acadian Asset Management LLC increased its holdings in ASML by 114.3% during the 2nd quarter. Acadian Asset Management LLC now owns 329,878 shares of the semiconductor company’s stock worth $264,333,000 after purchasing an additional 175,939 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of ASML by 32.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 413,280 shares of the semiconductor company’s stock valued at $331,198,000 after purchasing an additional 101,041 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 3.4%

Shares of ASML stock opened at $1,468.72 on Thursday. The stock has a market capitalization of $577.62 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 1.62 and a beta of 1.89. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,493.47. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $1,264.69 and its 200-day simple moving average is $1,047.41.

ASML Increases Dividend

The business also recently announced 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. The ex-dividend date 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 dividend payout ratio (DPR) is 25.10%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASML. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a research report on Monday, February 2nd. Bank of America increased their price objective on shares of ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. KGI Securities set a $1,415.00 target price on shares of ASML and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Thursday, January 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.