Alkeon Capital Management LLC Sells 253,112 Shares of ASML Holding (NASDAQ:ASML)

Alkeon Capital Management LLC decreased its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,035 shares of the semiconductor company's stock after selling 253,112 shares during the period. Alkeon Capital Management LLC owned approximately 0.08% of ASML worth $210,027,000 at the end of the most recent reporting period.

Other hedge funds have 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 acquiring an additional 959,696 shares during the last quarter. Amundi lifted its position 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 purchasing an additional 328,552 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of ASML by 53.4% during the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock valued at $559,494,000 after purchasing an additional 281,156 shares during the period. Raymond James Financial Inc. bought a new position in shares of ASML in the fourth quarter worth approximately $175,257,000. Finally, Fisher Funds Management LTD purchased a new position in shares of ASML in the fourth quarter worth $137,386,000. Institutional investors own 26.07% of the company's stock.

ASML Stock Up 3.5 %

Shares of ASML stock traded up $23.61 during midday trading on Friday, reaching $690.33. 1,214,696 shares of the stock were exchanged, compared to its average volume of 1,642,546. The firm has a market cap of $271.59 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.62 and a beta of 1.67. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $680.84 and its two-hundred day moving average is $702.41. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. On average, equities research analysts predict that ASML Holding will post 25.17 EPS for the current year.

ASML Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be paid a dividend of $1.6414 per share. This represents a $6.57 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, April 28th. ASML's dividend payout ratio is 27.48%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ASML shares. Susquehanna cut their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price objective on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, DZ Bank raised ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $906.00.

ASML Profile

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.