ASML Holding N.V. $ASML Stake Increased by Formidable Asset Management LLC

Formidable Asset Management LLC boosted its stake in ASML Holding N.V. (NASDAQ:ASML) by 123.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,896 shares of the semiconductor company’s stock after acquiring an additional 1,600 shares during the period. Formidable Asset Management LLC’s holdings in ASML were worth $3,098,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ASML. Fisher Asset Management LLC raised its stake in shares of ASML by 2.6% in the 3rd quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company’s stock valued at $4,213,705,000 after purchasing an additional 108,342 shares in the last quarter. Capital International Investors grew its stake in ASML by 17.3% in the third 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 in the last quarter. Van ECK Associates Corp increased its holdings in 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 last quarter. WCM Investment Management LLC increased its holdings 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 valued at $1,861,445,000 after buying an additional 385,502 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in ASML by 8.3% during the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after buying an additional 142,763 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

Shares of ASML stock opened at $1,317.23 on Friday. The company has a market cap of $518.04 billion, a P/E ratio of 51.02, a PEG ratio of 1.31 and a beta of 1.88. The business has a 50 day moving average of $1,395.18 and a two-hundred day moving average of $1,181.56. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,547.22. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be given a dividend of $3.1771 per share. The ex-dividend date is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a yield of 1.0%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is presently 25.10%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays reaffirmed a “buy” rating on shares of ASML in a report on Wednesday. Wells Fargo & Company upped their price target on ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Royal Bank Of Canada raised their price objective on ASML from $1,550.00 to $1,625.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Grupo Santander downgraded shares of ASML to an “underperform” rating in a report on Thursday, January 22nd. Finally, KGI Securities set a $1,415.00 target price on shares of ASML and gave the company an “outperform” rating in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,482.50.

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.