Kerrisdale Advisers LLC Buys 3,719 Shares of ASML Holding (NASDAQ:ASML)

Kerrisdale Advisers LLC raised its holdings in ASML Holding (NASDAQ:ASML - Free Report) by 532.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,418 shares of the semiconductor company's stock after acquiring an additional 3,719 shares during the quarter. ASML makes up about 1.0% of Kerrisdale Advisers LLC's portfolio, making the stock its 25th largest holding. Kerrisdale Advisers LLC's holdings in ASML were worth $3,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASML. Steigerwald Gordon & Koch Inc. increased its position in shares of ASML by 4.8% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company's stock worth $211,000 after buying an additional 14 shares during the period. Cyndeo Wealth Partners LLC increased its position in shares of ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company's stock worth $2,223,000 after buying an additional 14 shares during the period. Trust Point Inc. grew its holdings in ASML by 2.4% in the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock worth $420,000 after purchasing an additional 14 shares during the period. Sunpointe LLC grew its holdings in ASML by 1.3% in the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock worth $772,000 after purchasing an additional 14 shares during the period. Finally, Wealth Quarterback LLC grew its holdings in ASML by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock worth $923,000 after purchasing an additional 15 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ASML Price Performance

Shares of ASML stock traded down $11.56 during trading on Monday, hitting $664.08. The stock had a trading volume of 525,917 shares, compared to its average volume of 1,829,780. The firm has a market cap of $261.26 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 1.62 and a beta of 1.67. ASML Holding has a 12 month low of $578.51 and a 12 month high of $1,110.09. The business's 50-day moving average is $687.38 and its 200 day moving average is $705.65. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, sell-side analysts anticipate that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be paid a $1.5855 dividend. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from ASML's previous dividend of $1.08. ASML's dividend payout ratio is currently 27.48%.

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.