ASML Raises Quarterly Dividend 69% as Peterson Wealth Increases Stake
Peterson Wealth Services increased its ASML stake by 30.8% in Q3 to 9,884 shares valued at $9.57 million, making it its ninth-largest position. ASML raised its quarterly dividend from $1.88 to $3.1771 per share, annualized at $12.71 for a 0.9% yield.
1. Major Stake Increase by Peterson Wealth Services
During the third quarter, Peterson Wealth Services boosted its position in ASML Holding N.V. by 30.8%, acquiring an additional 2,327 shares to bring its total share count to 9,884. This holding, valued at $9.57 million on the date of the filing, now represents 2.2% of the fund’s portfolio and ranks as its ninth-largest position. The filing underscores the fund’s conviction in ASML’s long-term growth potential in lithography systems and associated services for semiconductor manufacturing.
2. Broader Institutional Activity and Ownership Concentration
A wave of institutional investors also adjusted their ASML exposure during recent quarters. Capstone Wealth Management added 124 shares in Q1 to reach 2,511 shares, AQR Capital Management more than doubled its stake with a 141.1% increase to 6,871 shares, and UBS Asset Management’s distinct business unit surged its holding by 153.1% to 17,210 shares. Smaller increases were recorded by Sivia Capital (1.3% to 1,168 shares) and Empirical Wealth Management (71.6% to 803 shares). Collectively, institutions now own 26.07% of ASML’s outstanding stock, highlighting entrenched support among professional managers.
3. Financial Health, Valuation Profile, and Dividend Enhancement
ASML’s balance sheet remains robust with a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. Market capitalization stands at $566.9 billion, supported by a price-to-earnings multiple of 55.8 and a PEG ratio of 1.68. On the income return front, the company raised its quarterly dividend to $3.1771 per share from $1.88 previously, equating to a $12.71 annualized payout and a 0.9% yield, with a payout ratio of 24.8%. Analysts maintain a consensus rating of Moderate Buy, based on three Strong Buy, twenty-one Buy, seven Hold and two Sell recommendations, and an average price target of $1,475.