AlTi Global Inc. Grows Position in ASML Holding N.V. $ASML

AlTi Global Inc. grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 23.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,131 shares of the semiconductor company’s stock after buying an additional 400 shares during the period. AlTi Global Inc.’s holdings in ASML were worth $2,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new stake in shares of ASML in the third quarter valued at approximately $25,000. City Holding Co. purchased a new stake in ASML in the 3rd quarter valued at $26,000. Princeton Global Asset Management LLC grew its holdings in ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 20 shares in the last quarter. Binnacle Investments Inc increased its stake in shares of 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 acquiring an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML during the 2nd quarter valued at about $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ:ASML opened at $1,413.62 on Wednesday. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,493.47. The company has a fifty day simple moving average of $1,227.82 and a two-hundred day simple moving average of $1,019.64. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The company has a market cap of $555.95 billion, a price-to-earnings ratio of 54.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.89.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be paid a $3.1771 dividend. 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%. The ex-dividend date is Monday, April 27th. ASML’s payout ratio is presently 24.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ASML shares. TD Cowen reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Thursday, January 29th. Susquehanna reiterated a “positive” rating on shares of ASML in a report on Monday, January 12th. Zacks Research raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Evercore reiterated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.