Old West Investment Management LLC Acquires 6,674 Shares of ASML Holding N.V. $ASML

Old West Investment Management LLC raised its holdings in ASML Holding N.V. (NASDAQ:ASML) by 165.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,714 shares of the semiconductor company’s stock after acquiring an additional 6,674 shares during the period. ASML comprises approximately 2.4% of Old West Investment Management LLC’s holdings, making the stock its 14th biggest position. Old West Investment Management LLC’s holdings in ASML were worth $10,372,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Telos Capital Management Inc. boosted its holdings in shares of ASML by 4.5% during the 3rd quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock worth $10,504,000 after buying an additional 463 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of ASML by 25.3% during the second quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock valued at $3,738,000 after buying an additional 941 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in ASML by 6.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock valued at $15,153,000 after purchasing an additional 1,225 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of ASML in the third quarter worth approximately $680,000. Finally, Exchange Traded Concepts LLC grew its holdings in ASML by 30.1% during the third quarter. Exchange Traded Concepts LLC now owns 13,919 shares of the semiconductor company’s stock worth $13,475,000 after buying an additional 3,217 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Trading Up 4.7%

Shares of ASML stock opened at $1,413.01 on Friday. The stock has a market capitalization of $555.71 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 1.56 and a beta of 1.89. The company’s fifty day simple moving average is $1,214.91 and its two-hundred day simple moving average is $1,005.59. 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 declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be issued a $3.1771 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 24.55%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Wednesday, January 28th. Bank Degroof downgraded shares of ASML to a “hold” rating in a research report on Friday, October 10th. DZ Bank reissued a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Santander cut 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 given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Company 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.