Avanda Investment Management Pte. Ltd. Invests $871,000 in ASML Holding N.V. $ASML

Avanda Investment Management Pte. Ltd. bought a new stake in ASML Holding N.V. (NASDAQ:ASMLFree Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 900 shares of the semiconductor company’s stock, valued at approximately $871,000. ASML accounts for 0.7% of Avanda Investment Management Pte. Ltd.’s holdings, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of ASML during the third quarter worth approximately $25,000. Princeton Global Asset Management LLC increased its stake in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 20 shares in the last quarter. City Holding Co. acquired a new position in ASML during the third quarter worth $26,000. Binnacle Investments Inc lifted its stake in shares of 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 buying an additional 15 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML during the second quarter valued at about $30,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Down 0.0%

ASML stock opened at $1,406.61 on Friday. The firm has a 50 day moving average price of $1,245.79 and a 200-day moving average price of $1,032.10. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,493.47. The company has a market capitalization of $553.20 billion, a P/E ratio of 54.48, a P/E/G ratio of 1.60 and a beta of 1.89.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be paid a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. This is a positive change from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio (DPR) is presently 41.83%.

Analyst Ratings Changes

A number of research firms recently weighed in on ASML. Santander lowered shares of ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of ASML in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Thursday, January 29th. Bank of America lifted their target price on ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

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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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