Bank of America Corp DE Purchases 142,763 Shares of ASML Holding N.V. $ASML

Bank of America Corp DE boosted its holdings in ASML Holding N.V. (NASDAQ:ASML) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,865,254 shares of the semiconductor company’s stock after buying an additional 142,763 shares during the quarter. Bank of America Corp DE owned approximately 0.47% of ASML worth $1,805,733,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ASML. Manning & Napier Advisors LLC bought a new position in shares of ASML during the third quarter valued at $25,000. City Holding Co. bought a new stake in shares of ASML in the third quarter worth $26,000. Binnacle Investments Inc grew its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in ASML in the second quarter valued at $30,000. Finally, Wealth Watch Advisors INC acquired a new stake in ASML in the third quarter valued at $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America lifted their target price on ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research note on Wednesday, February 25th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 26th. TD Cowen reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,475.00.

ASML Stock Performance

ASML stock opened at $1,345.69 on Monday. The firm has a market cap of $529.23 billion, a PE ratio of 52.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.88. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $1,380.42 and a 200-day moving average price of $1,130.66. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,547.22.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be issued a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This is an increase from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. ASML’s dividend payout ratio is presently 25.10%.

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.