Connable Office Inc. Raises Stock Holdings in ASML Holding N.V. $ASML

Connable Office Inc. raised its holdings in ASML Holding N.V. (NASDAQ:ASML) by 26.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,666 shares of the semiconductor company’s stock after purchasing an additional 350 shares during the period. Connable Office Inc.’s holdings in ASML were worth $1,613,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Manning & Napier Advisors LLC purchased a new stake in ASML in the 3rd quarter worth $25,000. Princeton Global Asset Management LLC increased its stake in shares of ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares in the last quarter. City Holding Co. acquired a new position in shares of ASML during the 3rd quarter worth about $26,000. Binnacle Investments Inc raised its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in ASML in the 2nd quarter worth about $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ASML. Royal Bank Of Canada increased their target price on ASML from $1,550.00 to $1,625.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a research note on Monday, February 2nd. Sanford C. Bernstein set a $1,911.00 target price on shares of ASML in a research note on Thursday, January 29th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, January 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Stock Up 1.6%

NASDAQ ASML opened at $1,435.63 on Thursday. The business’s fifty day simple moving average is $1,233.71 and its 200-day simple moving average is $1,022.55. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a market cap of $564.61 billion, a PE ratio of 55.60, a P/E/G ratio of 1.61 and a beta of 1.89. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,493.47.

ASML Increases Dividend

The company 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 dividend of $3.1771 per share. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date of this dividend is Monday, April 27th. ASML’s payout ratio is presently 24.79%.

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.