Chevy Chase Trust Holdings LLC Grows Position in ASML Holding N.V. $ASML

Chevy Chase Trust Holdings LLC grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,941 shares of the semiconductor company’s stock after purchasing an additional 582 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in ASML were worth $118,050,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in ASML during the third quarter worth $25,000. City Holding Co. purchased a new position in ASML in the third quarter valued at $26,000. Binnacle Investments Inc raised its position in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in shares of ASML during the 2nd quarter worth about $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of ASML during the 3rd quarter worth about $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

ASML stock opened at $1,345.69 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. The business has a 50 day simple moving average of $1,380.42 and a 200-day simple moving average of $1,128.13. The firm has a market capitalization of $529.24 billion, a PE ratio of 52.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.88. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be paid a dividend of $3.1771 per share. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. This is an increase 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 41.83%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. KGI Securities set a $1,415.00 price target on ASML and gave the company an “outperform” rating in a research note on Thursday, January 15th. TD Cowen restated a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Bank of America upped their target price on ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a research report on Wednesday, February 25th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML 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.