ASML Holding N.V. $ASML Holdings Lifted by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in ASML Holding N.V. (NASDAQ:ASML) by 16.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,148,506 shares of the semiconductor company’s stock after acquiring an additional 305,435 shares during the quarter. ASML comprises 1.9% of Van ECK Associates Corp’s portfolio, making the stock its 7th largest holding. Van ECK Associates Corp’s holdings in ASML were worth $2,079,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the stock. Telos Capital Management Inc. lifted its position in shares of ASML by 4.5% in 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 last quarter. Regents of The University of California acquired a new stake in shares of ASML in the third quarter worth $413,335,000. Transcendent Capital Group LLC bought a new stake in shares of ASML during the 3rd quarter worth $680,000. Dimensional Fund Advisors LP grew its stake in ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after buying an additional 38,660 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock worth $15,086,000 after acquiring an additional 4,001 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Grupo Santander downgraded ASML to an “underperform” rating in a research note on Thursday, January 22nd. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Tuesday, January 20th. Susquehanna reiterated a “positive” rating on shares of ASML in a report on Monday, January 12th. Finally, Wells Fargo & Company increased their price objective on ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,475.00.

ASML Stock Up 5.0%

NASDAQ ASML opened at $1,357.42 on Tuesday. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,547.22. The stock has a market cap of $533.85 billion, a PE ratio of 52.57, a PEG ratio of 1.25 and a beta of 1.88. The firm has a 50-day simple moving average of $1,358.58 and a 200 day simple moving average of $1,113.58. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be given a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio is 25.10%.

ASML 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.