ASML Holding N.V. $ASML is DC Investments Management LLC’s 2nd Largest Position

DC Investments Management LLC raised its holdings in ASML Holding N.V. (NASDAQ:ASML) by 44.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,788 shares of the semiconductor company’s stock after buying an additional 2,687 shares during the quarter. ASML accounts for about 3.5% of DC Investments Management LLC’s investment portfolio, making the stock its 2nd largest holding. DC Investments Management LLC’s holdings in ASML were worth $8,508,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Regents of The University of California bought a new stake in ASML in the third quarter valued at $413,335,000. WCM Investment Management LLC lifted its position 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 worth $1,861,445,000 after purchasing an additional 385,502 shares during the period. Fisher Asset Management LLC boosted its stake in shares of ASML by 6.3% during 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 purchasing an additional 250,934 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of ASML by 114.3% during the second quarter. Acadian Asset Management LLC now owns 329,878 shares of the semiconductor company’s stock valued at $264,333,000 after buying an additional 175,939 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in ASML by 32.4% in the second quarter. Rafferty Asset Management LLC now owns 413,280 shares of the semiconductor company’s stock worth $331,198,000 after buying an additional 101,041 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ASML shares. Royal Bank Of Canada lifted their price objective on ASML from $1,550.00 to $1,625.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Berenberg Bank restated a “buy” rating on shares of ASML in a research report on Friday, January 23rd. KGI Securities set a $1,415.00 price objective on ASML and gave the stock an “outperform” rating in a report on Thursday, January 15th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Finally, Santander downgraded shares of ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Three investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Price Performance

ASML opened at $1,469.59 on Friday. The firm has a market cap of $577.96 billion, a PE ratio of 56.92, a P/E/G ratio of 1.66 and a beta of 1.89. The stock has a 50-day moving average price of $1,279.18 and a 200-day moving average price of $1,055.61. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,493.47. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be issued a $3.1771 dividend. 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. The ex-dividend date of this dividend is Monday, April 27th. ASML’s dividend payout ratio is presently 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.