a16z Perennial Management L.P. Buys Shares of 478 ASML Holding N.V. $ASML

a16z Perennial Management L.P. purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 478 shares of the semiconductor company’s stock, valued at approximately $463,000.

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

ASML Stock Performance

NASDAQ:ASML opened at $1,413.01 on Friday. The firm’s fifty day simple moving average is $1,214.91 and its 200 day simple moving average is $1,005.59. 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 twelve month low of $578.51 and a twelve month high of $1,493.47. The firm has a market capitalization of $555.71 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 1.56 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 paid a $3.1771 dividend. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. The ex-dividend date is Monday, April 27th. ASML’s payout ratio is 24.55%.

Wall Street Analysts Forecast Growth

ASML has been the topic of several recent analyst reports. Weiss Ratings lowered shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research note on Monday, January 12th. Rothschild & Co Redburn set a $1,200.00 price objective on shares of ASML in a research note on Friday, November 7th. Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a report on Tuesday, January 20th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML 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.