Russell Investments Group Ltd. Has $12.90 Million Stock Position in ASML Holding (NASDAQ:ASML)

Russell Investments Group Ltd. increased its position in shares of ASML Holding (NASDAQ:ASML) by 42.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,047 shares of the semiconductor company’s stock after acquiring an additional 5,110 shares during the quarter. Russell Investments Group Ltd.’s holdings in ASML were worth $12,904,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ASML. FMR LLC lifted its position in ASML by 3.6% during the 3rd quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock valued at $2,123,710,000 after purchasing an additional 126,413 shares during the period. Sands Capital Management LLC boosted its stake in ASML by 7.6% in the third quarter. Sands Capital Management LLC now owns 1,495,236 shares of the semiconductor company’s stock valued at $880,186,000 after acquiring an additional 105,339 shares during the last quarter. Clearbridge Investments LLC grew its holdings in ASML by 2.0% during the 3rd quarter. Clearbridge Investments LLC now owns 1,214,574 shares of the semiconductor company’s stock worth $714,971,000 after acquiring an additional 23,783 shares during the period. Jennison Associates LLC lifted its stake in shares of ASML by 15.3% in the 4th quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock valued at $867,549,000 after purchasing an additional 151,844 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of ASML by 34.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock worth $628,344,000 after purchasing an additional 274,562 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Cantor Fitzgerald began coverage on ASML in a report on Tuesday, January 23rd. They set an “overweight” rating on the stock. HSBC initiated coverage on shares of ASML in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Susquehanna boosted their price target on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,036.00.

ASML Price Performance

Shares of NASDAQ ASML opened at $901.63 on Friday. The company has a fifty day moving average price of $951.12 and a 200 day moving average price of $814.09. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,056.34. The firm has a market cap of $355.77 billion, a PE ratio of 46.05, a PEG ratio of 2.17 and a beta of 1.49. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is presently 32.53%.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.