Mediolanum International Funds Ltd Makes New $125.95 Million Investment in ASML Holding (NASDAQ:ASML)

Mediolanum International Funds Ltd acquired a new stake in ASML Holding (NASDAQ:ASML) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 149,023 shares of the semiconductor company’s stock, valued at approximately $125,952,000. ASML comprises approximately 1.6% of Mediolanum International Funds Ltd’s investment portfolio, making the stock its 8th biggest position.

Other large investors also recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the second quarter valued at approximately $26,000. WD Rutherford LLC bought a new position in ASML during the 1st quarter worth $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the 2nd quarter valued at $31,000. First Community Trust NA bought a new position in shares of ASML in the 2nd quarter valued at $34,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of ASML during the 2nd quarter valued at $36,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein cut their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

Shares of ASML stock traded up $8.14 during trading on Friday, hitting $718.95. The stock had a trading volume of 494,114 shares, compared to its average volume of 1,386,764. The firm has a market cap of $283.69 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a 12 month low of $582.48 and a 12 month high of $1,110.09. The business’s 50-day moving average is $825.27 and its 200 day moving average is $910.74.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. ASML’s dividend payout ratio is presently 28.70%.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.