ASML Holding N.V. $ASML Shares Bought by Main Street Research LLC

Main Street Research LLC grew its stake in ASML Holding N.V. (NASDAQ:ASML) by 131.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,434 shares of the semiconductor company’s stock after purchasing an additional 22,937 shares during the period. ASML accounts for 2.1% of Main Street Research LLC’s portfolio, making the stock its 19th biggest position. Main Street Research LLC’s holdings in ASML were worth $39,144,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Telos Capital Management Inc. increased its position in ASML by 4.5% during the third quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock worth $10,504,000 after buying an additional 463 shares during the period. Regents of The University of California acquired a new stake in shares of ASML in the third quarter valued at approximately $413,335,000. Transcendent Capital Group LLC acquired a new stake in shares of ASML in the third quarter valued at approximately $680,000. Dimensional Fund Advisors LP grew its position 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 worth $959,180,000 after acquiring an additional 38,660 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock valued at $15,086,000 after acquiring an additional 4,001 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

ASML stock opened at $1,345.69 on Friday. The company has a market cap of $529.23 billion, a P/E ratio of 52.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.88. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,547.22. The business has a fifty day moving average of $1,380.42 and a two-hundred day moving average of $1,125.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be paid a $3.1771 dividend. This represents a $12.71 annualized dividend 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 is Monday, April 27th. ASML’s dividend payout ratio (DPR) is 25.10%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Santander downgraded shares of ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research note on Tuesday, December 16th. Wells Fargo & Company upped their target price on shares of ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

About ASML

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.