Old West Investment Management LLC Purchases 6,674 Shares of ASML Holding N.V. $ASML

Old West Investment Management LLC boosted its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 165.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,714 shares of the semiconductor company’s stock after purchasing an additional 6,674 shares during the quarter. ASML comprises 2.4% of Old West Investment Management LLC’s holdings, making the stock its 14th biggest position. Old West Investment Management LLC’s holdings in ASML were worth $10,372,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Telos Capital Management Inc. grew its holdings 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 purchasing an additional 463 shares during the period. Daymark Wealth Partners LLC lifted its position in shares of ASML by 25.3% in the second quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock valued at $3,738,000 after buying an additional 941 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of ASML by 6.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock worth $15,153,000 after acquiring an additional 1,225 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of ASML during the 3rd quarter worth approximately $680,000. Finally, Exchange Traded Concepts LLC raised its stake in ASML by 30.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,919 shares of the semiconductor company’s stock valued at $13,475,000 after acquiring an additional 3,217 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $1,413.01 on Friday. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,493.47. 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 stock has a market cap of $555.71 billion, a price-to-earnings ratio of 54.73, a P/E/G ratio of 1.56 and a beta of 1.89. The company has a 50 day simple moving average of $1,214.91 and a 200 day simple moving average of $1,005.59.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be given a dividend of $3.1771 per share. The ex-dividend date is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio is presently 24.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank Degroof lowered shares of ASML to a “hold” rating in a research report on Friday, October 10th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, January 26th. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Friday, January 16th. Weiss Ratings lowered ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Evercore reaffirmed an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, ASML presently has a consensus 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.