Quantitative Investment Management LLC Makes New Investment in ASML Holding N.V. $ASML

Quantitative Investment Management LLC bought a new stake in shares of ASML Holding N.V. (NASDAQ:ASML) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,933 shares of the semiconductor company’s stock, valued at approximately $7,679,000. ASML accounts for about 1.1% of Quantitative Investment Management LLC’s portfolio, making the stock its 22nd largest holding.

Other large investors also recently modified their holdings of the company. Capital International Investors raised its holdings in shares of ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after purchasing an additional 577,448 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in ASML during the third quarter valued at $505,510,000. Regents of The University of California purchased a new stake in ASML in the third quarter worth $413,335,000. WCM Investment Management LLC increased its position in ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after buying an additional 385,502 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after buying an additional 305,435 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ:ASML opened at $1,351.58 on Friday. The business’s fifty day moving average is $1,376.78 and its 200 day moving average is $1,121.49. The firm has a market cap of $531.55 billion, a price-to-earnings ratio of 52.35, a PEG ratio of 1.34 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,547.22.

ASML Increases Dividend

The business 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 dividend of $3.1771 per share. This is a boost from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, April 27th. ASML’s dividend payout ratio (DPR) is currently 25.10%.

Analysts Set New Price Targets

ASML has been the topic of a number of recent research reports. KGI Securities set a $1,415.00 price target on ASML and gave the company an “outperform” rating in a research report on Thursday, January 15th. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research note on Tuesday, December 16th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, January 23rd. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.