GKV Capital Management Co. Inc. Invests $991,000 in ASML Holding (NASDAQ:ASML)

GKV Capital Management Co. Inc. bought a new position in shares of ASML Holding (NASDAQ:ASML) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,430 shares of the semiconductor company’s stock, valued at approximately $991,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgewood Management LLC lifted its stake in shares of ASML by 43.1% in the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock valued at $2,208,615,000 after purchasing an additional 959,696 shares during the period. Amundi increased its holdings in ASML by 4,880.5% in the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock valued at $247,019,000 after buying an additional 328,552 shares in the last quarter. Wellington Management Group LLP raised its position in shares of ASML by 53.4% in the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company’s stock worth $559,494,000 after acquiring an additional 281,156 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of ASML during the 4th quarter worth about $175,257,000. Finally, Fisher Funds Management LTD acquired a new stake in shares of ASML during the 4th quarter valued at about $137,386,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Down 7.1 %

Shares of ASML stock opened at $634.93 on Thursday. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The firm has a market capitalization of $249.80 billion, a P/E ratio of 30.53, a PEG ratio of 1.62 and a beta of 1.67. The stock’s fifty day moving average is $701.85 and its two-hundred day moving average is $716.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Research analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be given a dividend of $1.5855 per share. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Monday, April 28th. ASML’s dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of analyst reports. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $937.00.

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.