Russell Investments Group Ltd. Grows Stake in ASML Holding N.V. $ASML

Russell Investments Group Ltd. increased its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 43.8% in the 3rd quarter, Holdings Channel reports. The firm owned 24,457 shares of the semiconductor company’s stock after purchasing an additional 7,447 shares during the period. Russell Investments Group Ltd.’s holdings in ASML were worth $23,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of ASML during the third quarter valued at approximately $25,000. City Holding Co. purchased a new stake in shares of ASML during the third quarter worth approximately $26,000. Binnacle Investments Inc increased its position in shares of 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 in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in ASML in the 2nd quarter valued at $30,000. Finally, IAG Wealth Partners LLC raised its stake in ASML by 300.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 40 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 30 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASML. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research note on Monday, February 2nd. Bank of America increased their target price on shares of ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Royal Bank Of Canada upped their price objective on shares of ASML from $1,550.00 to $1,625.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Stock Performance

ASML stock opened at $1,351.58 on Friday. The firm has a 50 day simple moving average of $1,376.78 and a 200-day simple moving average of $1,121.49. The stock has a market cap of $531.55 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,547.22.

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 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 annualized dividend and a yield of 0.9%. ASML’s dividend payout ratio (DPR) is currently 25.10%.

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.