ING Groep NV Purchases 448 Shares of ASML Holding N.V. $ASML

ING Groep NV raised its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 11.2% during the third quarter, Holdings Channel.com reports. The fund owned 4,453 shares of the semiconductor company’s stock after buying an additional 448 shares during the period. ING Groep NV’s holdings in ASML were worth $4,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ASML. Manning & Napier Advisors LLC purchased a new stake in shares of ASML during the third quarter worth about $25,000. Princeton Global Asset Management LLC boosted its stake in ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the period. City Holding Co. purchased a new stake in ASML during the 3rd quarter valued at approximately $26,000. Binnacle Investments Inc raised its position in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of ASML in the second quarter worth $30,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Down 2.0%

ASML opened at $1,406.87 on Friday. The stock has a 50-day moving average of $1,239.65 and a 200 day moving average of $1,025.22. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,493.47. The firm has a market cap of $553.29 billion, a P/E ratio of 54.49, a P/E/G ratio of 1.63 and a beta of 1.89.

ASML Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio is presently 24.79%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Grupo Santander lowered ASML to an “underperform” rating in a research report on Thursday, January 22nd. Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of ASML in a report on Tuesday, January 20th. Finally, Evercore reaffirmed an “outperform” rating on shares of ASML in a research note on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus 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.