Cibc World Market Inc. Purchases 6,386 Shares of ASML Holding N.V. $ASML

Cibc World Market Inc. lifted its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 10.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 67,798 shares of the semiconductor company’s stock after buying an additional 6,386 shares during the quarter. Cibc World Market Inc.’s holdings in ASML were worth $65,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caprock Group LLC acquired a new stake in shares of ASML in the third quarter valued at about $5,167,000. ING Groep NV increased its stake in shares of ASML by 11.2% in the 3rd quarter. ING Groep NV now owns 4,453 shares of the semiconductor company’s stock valued at $4,311,000 after acquiring an additional 448 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of ASML by 2.1% during the third quarter. Advisors Asset Management Inc. now owns 3,358 shares of the semiconductor company’s stock valued at $3,251,000 after purchasing an additional 70 shares during the period. ABC Arbitrage SA acquired a new position in ASML during the 3rd quarter worth approximately $3,399,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of ASML by 3.3% during the third quarter. Stratos Wealth Partners LTD. now owns 5,708 shares of the semiconductor company’s stock worth $5,526,000 after purchasing an additional 185 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. HSBC restated a “buy” rating on shares of ASML in a report on Friday, October 17th. Wells Fargo & Company boosted their price objective on ASML from $1,450.00 to $1,650.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Bank of America boosted their target price 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. Royal Bank Of Canada increased their price target 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, Sanford C. Bernstein set a $1,911.00 price objective on shares of ASML in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,475.00.

ASML Price Performance

ASML stock opened at $1,413.62 on Wednesday. The stock has a market cap of $555.95 billion, a PE ratio of 54.75, a P/E/G ratio of 1.65 and a beta of 1.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,493.47. The firm has a 50 day simple moving average of $1,227.82 and a two-hundred day simple moving average of $1,019.64.

ASML Increases Dividend

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

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.