Madison Asset Management LLC Sells 8,131 Shares of ASML Holding N.V. $ASML

Madison Asset Management LLC lessened its stake in ASML Holding N.V. (NASDAQ:ASML) by 38.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,955 shares of the semiconductor company’s stock after selling 8,131 shares during the quarter. Madison Asset Management LLC’s holdings in ASML were worth $12,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Manning & Napier Advisors LLC acquired a new stake in shares of ASML in the 3rd quarter valued at about $25,000. City Holding Co. bought a new position in shares of ASML during the 3rd quarter worth approximately $26,000. Princeton Global Asset Management LLC lifted its position in shares of ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares in the last quarter. Binnacle Investments Inc boosted its holdings in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new position in ASML in the second quarter valued at $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Up 1.6%

Shares of ASML stock opened at $1,435.63 on Thursday. 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 50-day moving average of $1,233.71 and a 200-day moving average of $1,022.55. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,493.47. The stock has a market cap of $564.61 billion, a PE ratio of 55.60, a PEG ratio of 1.61 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 given a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. ASML’s dividend payout ratio (DPR) is presently 24.79%.

Wall Street Analyst Weigh In

ASML has been the subject of a number of recent research reports. Sanford C. Bernstein set a $1,911.00 price objective on shares of ASML in a research note on Thursday, January 29th. 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. TD Cowen reissued a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Rothschild & Co Redburn set a $1,200.00 target price on shares of ASML in a report on Friday, November 7th. Finally, Santander downgraded shares of ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,475.00.

About ASML

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.