Strive Asset Management LLC Buys New Stake in ASML Holding N.V. $ASML

Strive Asset Management LLC purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASMLFree Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 10,000 shares of the semiconductor company’s stock, valued at approximately $9,681,000. ASML accounts for 0.3% of Strive Asset Management LLC’s investment portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of ASML. Manning & Napier Advisors LLC acquired a new position in ASML in the third quarter valued at approximately $25,000. City Holding Co. purchased a new position in shares of ASML during the 3rd quarter valued at approximately $26,000. Binnacle Investments Inc lifted its stake in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in ASML during the second quarter worth $30,000. Finally, IAG Wealth Partners LLC grew its position in ASML by 300.0% during the third quarter. IAG Wealth Partners LLC now owns 40 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ASML shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Wednesday, February 25th. Rothschild & Co Redburn set a $1,200.00 price target on ASML in a research report on Friday, November 7th. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, January 29th. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

Read Our Latest Analysis on ASML

ASML News Summary

Here are the key news stories impacting ASML this week:

ASML Stock Down 1.9%

Shares of ASML opened at $1,423.54 on Tuesday. The stock has a 50 day moving average price of $1,329.57 and a 200 day moving average price of $1,092.02. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,547.22. 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 stock has a market capitalization of $559.86 billion, a price-to-earnings ratio of 55.13, a PEG ratio of 1.65 and a beta of 1.89.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be paid a $3.1771 dividend. This is an increase from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. ASML’s payout ratio is 41.83%.

ASML Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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