MJP Associates Inc. ADV Increases Stock Position in ASML Holding N.V. $ASML

MJP Associates Inc. ADV boosted its holdings in ASML Holding N.V. (NASDAQ:ASML) by 103.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,111 shares of the semiconductor company’s stock after purchasing an additional 564 shares during the quarter. MJP Associates Inc. ADV’s holdings in ASML were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new stake in shares of ASML in the third quarter valued at about $25,000. City Holding Co. acquired a new position in ASML in the 3rd quarter valued at about $26,000. Princeton Global Asset Management LLC raised its stake in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the last quarter. Binnacle Investments Inc lifted its position in ASML by 78.9% during 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 period. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of ASML in the 2nd quarter valued at approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna restated a “positive” rating on shares of ASML in a research note on Monday, January 12th. Wells Fargo & Company upped their price objective on shares of ASML from $1,450.00 to $1,650.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. KGI Securities set a $1,415.00 target price on shares of ASML and gave the stock an “outperform” rating in a research note on Thursday, January 15th. UBS Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, January 29th. Finally, TD Cowen reissued a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Stock Performance

Shares of ASML opened at $1,419.78 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. 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 50-day simple moving average of $1,257.70 and a 200-day simple moving average of $1,044.44. The company has a market capitalization of $558.37 billion, a PE ratio of 54.99, a P/E/G ratio of 1.60 and a beta of 1.89.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be given a dividend of $3.1771 per share. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. ASML’s 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.