Allen Investment Management LLC Has $43.96 Million Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Allen Investment Management LLC increased its stake in ASML Holding N.V. by 24.5%, bringing its total to $43.96 million after acquiring additional shares during the 1st quarter.
• ASML's latest quarterly earnings report revealed $4.55 earnings per share, which fell short of analysts' estimates, despite a revenue growth of 23.2% year-over-year.
• The company announced an increase in its quarterly dividend from $1.64 to $1.856, reflecting a commitment to returning value to shareholders.

Allen Investment Management LLC lifted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,336 shares of the semiconductor company's stock after acquiring an additional 13,034 shares during the period. Allen Investment Management LLC's holdings in ASML were worth $43,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ASML. GAMMA Investing LLC raised its holdings in shares of ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock worth $9,282,120,000 after purchasing an additional 1,398,805 shares during the period. Edgewood Management LLC grew its position in shares of ASML by 43.1% during 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 in the last quarter. Wellington Management Group LLP grew its position in shares of ASML by 53.4% during the 4th 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 in the last quarter. First Manhattan CO. LLC. grew its position in shares of ASML by 59.4% during the 4th quarter. First Manhattan CO. LLC. now owns 439,890 shares of the semiconductor company's stock valued at $307,374,000 after purchasing an additional 163,945 shares in the last quarter. Finally, Hyperion Asset Management Ltd grew its position in shares of ASML by 63.9% during the 4th quarter. Hyperion Asset Management Ltd now owns 297,882 shares of the semiconductor company's stock valued at $206,456,000 after purchasing an additional 116,121 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the subject of several research reports. Erste Group Bank reiterated a "hold" rating on shares of ASML in a research report on Wednesday. Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. DZ Bank lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Citigroup restated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Finally, Barclays reaffirmed an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Performance

ASML stock traded down $13.83 during trading hours on Friday, reaching $711.25. 2,309,141 shares of the stock were exchanged, compared to its average volume of 2,229,190. The stock has a market cap of $279.82 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.44 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $945.05. The firm's 50 day moving average is $765.39 and its 200 day moving average is $727.27.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The company had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.72 billion. During the same quarter in the previous year, the company earned $4.01 earnings per share. The company's revenue was up 23.2% on a year-over-year basis. Analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be paid a dividend of $1.856 per share. This is a boost from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, July 29th. ASML's payout ratio is currently 29.67%.

ASML Company 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.