Legacy Financial Advisors Inc. Makes New $1.42 Million Investment in ASML Holding N.V. $ASML

Legacy Financial Advisors Inc. acquired a new stake in ASML Holding N.V. (NASDAQ:ASML) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,470 shares of the semiconductor company’s stock, valued at approximately $1,423,000.

Several other institutional investors have also modified their holdings of ASML. Regents of The University of California purchased a new position in ASML in the third quarter valued at approximately $413,335,000. WCM Investment Management LLC boosted its holdings in shares of ASML by 24.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after buying an additional 385,502 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of ASML by 6.3% in the 2nd quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock valued at $3,401,304,000 after buying an additional 250,934 shares during the last quarter. Acadian Asset Management LLC raised its stake in ASML by 114.3% during the 2nd quarter. Acadian Asset Management LLC now owns 329,878 shares of the semiconductor company’s stock worth $264,333,000 after acquiring an additional 175,939 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its position in ASML by 32.4% in the second quarter. Rafferty Asset Management LLC now owns 413,280 shares of the semiconductor company’s stock valued at $331,198,000 after acquiring an additional 101,041 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, January 28th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. KGI Securities set a $1,415.00 price target on ASML and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,475.00.

ASML Stock Up 0.7%

ASML stock opened at $1,469.59 on Monday. The stock has a 50 day moving average of $1,279.18 and a two-hundred day moving average of $1,060.76. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,493.47. The stock has a market capitalization of $577.96 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 1.67 and a beta of 1.89. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be given a dividend of $3.1771 per share. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, April 27th. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is currently 25.10%.

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.