Harvest Fund Management Co. Ltd Has $9.38 Million Stake in ASML Holding N.V. $ASML

Harvest Fund Management Co. Ltd trimmed its stake in ASML Holding N.V. (NASDAQ:ASML) by 12.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,690 shares of the semiconductor company’s stock after selling 1,373 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in ASML were worth $9,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Capital International Investors lifted its position in 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 buying an additional 577,448 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of ASML during the 3rd quarter valued at $505,510,000. Regents of The University of California acquired a new position in shares of ASML in the third quarter worth $413,335,000. WCM Investment Management LLC raised its holdings in shares of ASML by 24.9% during 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 acquiring an additional 385,502 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after acquiring an additional 305,435 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

ASML opened at $1,345.69 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. The company has a market cap of $529.23 billion, a PE ratio of 52.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.88. The stock has a 50-day moving average of $1,380.42 and a 200-day moving average of $1,125.60. 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. Shareholders of record on Monday, April 27th will be issued a dividend of $3.1771 per share. 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 is Monday, April 27th. ASML’s dividend payout ratio is 25.10%.

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. UBS Group restated a “buy” rating on shares of ASML in a research note on Tuesday, March 3rd. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Wednesday, February 25th. Wells Fargo & Company increased their price objective on ASML from $1,450.00 to $1,650.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average 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.