Dearborn Partners LLC Lowers Stock Holdings in ASML Holding N.V. $ASML

Dearborn Partners LLC lessened its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 38.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,041 shares of the semiconductor company’s stock after selling 637 shares during the quarter. Dearborn Partners LLC’s holdings in ASML were worth $1,008,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Manning & Napier Advisors LLC acquired a new position in ASML in the 3rd quarter valued at $25,000. City Holding Co. acquired a new stake in shares of ASML in the 3rd quarter worth $26,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML during the second quarter worth about $30,000. Finally, Washington Trust Advisors Inc. raised its holdings in ASML by 129.4% during the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 22 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on ASML shares. Santander cut ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Friday, January 16th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, January 23rd. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company increased their price target on shares of ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Trading Up 0.7%

Shares of ASML stock opened at $1,469.59 on Friday. The stock has a market cap of $577.96 billion, a P/E ratio of 56.92, a P/E/G ratio of 1.66 and a beta of 1.89. 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 Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,493.47. The business has a fifty day simple moving average of $1,279.18 and a 200-day simple moving average of $1,055.61.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be given a $3.1771 dividend. This is a boost from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, April 27th. ASML’s dividend payout ratio (DPR) is currently 25.10%.

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.