Glenview Trust Co Raises Holdings in ASML Holding N.V. $ASML

Glenview Trust Co grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,625 shares of the semiconductor company’s stock after buying an additional 522 shares during the period. Glenview Trust Co’s holdings in ASML were worth $4,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC raised its position in shares of ASML by 6.3% in the second quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock valued at $3,401,304,000 after buying an additional 250,934 shares during the last quarter. WCM Investment Management LLC boosted its position in ASML by 24.9% during the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares during the last quarter. Franklin Resources Inc. grew its stake in ASML by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 763,590 shares of the semiconductor company’s stock worth $611,933,000 after acquiring an additional 37,994 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in ASML by 14.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 583,093 shares of the semiconductor company’s stock valued at $467,285,000 after acquiring an additional 72,164 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of ASML by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 448,798 shares of the semiconductor company’s stock worth $359,662,000 after purchasing an additional 8,070 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASML has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, January 23rd. Susquehanna reiterated a “positive” rating on shares of ASML in a report on Monday, January 12th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a report on Tuesday, December 16th. Three 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Price Performance

ASML opened at $1,419.78 on Wednesday. The company has a market capitalization of $558.37 billion, a P/E ratio of 54.99, a PEG ratio of 1.60 and a beta of 1.89. The company has a 50-day moving average of $1,257.70 and a 200-day moving average of $1,044.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,493.47.

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 issued a dividend of $3.1771 per share. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from ASML’s previous quarterly dividend of $1.88. The ex-dividend date of this dividend is Monday, April 27th. ASML’s dividend payout ratio is 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.