Smart Money Group LLC Purchases Shares of 1,169 ASML Holding N.V. $ASML

Smart Money Group LLC acquired a new position in ASML Holding N.V. (NASDAQ:ASML) during the third quarter, HoldingsChannel.com reports. The fund acquired 1,169 shares of the semiconductor company’s stock, valued at approximately $1,132,000.

Several other hedge funds have also recently added to or reduced their stakes in ASML. Manning & Napier Advisors LLC bought a new stake in ASML in the 3rd quarter valued at about $25,000. City Holding Co. acquired a new stake in ASML in the third quarter valued at approximately $26,000. Binnacle Investments Inc grew its stake in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of ASML during the second quarter valued at approximately $30,000. Finally, IAG Wealth Partners LLC raised its position in shares of ASML by 300.0% during the third quarter. IAG Wealth Partners LLC now owns 40 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 30 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Bank of America raised their price target on shares of ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, January 23rd. Rothschild & Co Redburn set a $1,200.00 price objective on ASML in a report on Friday, November 7th. Finally, KGI Securities set a $1,415.00 target price on ASML and gave the company an “outperform” rating in a report on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,475.00.

ASML Trading Down 0.9%

NASDAQ:ASML opened at $1,450.56 on Monday. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,547.22. The firm has a 50-day moving average price of $1,322.24 and a two-hundred day moving average price of $1,087.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. The firm has a market cap of $570.48 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.88.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be issued 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 an increase from ASML’s previous quarterly dividend of $1.88. The ex-dividend date is Monday, April 27th. 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.