Dorsey Asset Management LLC Boosts Position in ASML Holding N.V. $ASML

Dorsey Asset Management LLC raised its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 23.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,226 shares of the semiconductor company’s stock after purchasing an additional 33,237 shares during the quarter. ASML accounts for about 15.1% of Dorsey Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Dorsey Asset Management LLC’s holdings in ASML were worth $167,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. BlueSpruce Investments LP increased its holdings in shares of ASML by 18,861.1% in the 3rd quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock worth $237,160,000 after buying an additional 243,685 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its holdings in shares of ASML by 0.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 121,941 shares of the semiconductor company’s stock worth $118,050,000 after acquiring an additional 582 shares during the last quarter. Cinctive Capital Management LP bought a new stake in shares of ASML during the 3rd quarter worth $4,736,000. Circle Wealth Management LLC grew its position in ASML by 62.4% in the third quarter. Circle Wealth Management LLC now owns 1,869 shares of the semiconductor company’s stock worth $1,809,000 after acquiring an additional 718 shares in the last quarter. Finally, Community Bank N.A. purchased a new position in ASML in the third quarter worth $69,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ ASML opened at $1,345.69 on Friday. The company has a 50-day simple moving average of $1,380.42 and a two-hundred day simple moving average of $1,128.13. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,547.22. The firm has a market cap of $529.24 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 1.30 and a beta of 1.88. 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 Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, April 27th. This represents a $12.71 annualized dividend and a yield of 0.9%. This is a boost from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio (DPR) is currently 41.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ASML shares. Wells Fargo & Company raised their price target 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. Bank of America upped their price objective on ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Citigroup reissued a “buy” rating on shares of ASML in a report on Tuesday, January 20th. Zacks Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Susquehanna reiterated a “positive” rating on shares of ASML in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,475.00.

ASML Company 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.