Pennant Investors LP Has $2.98 Million Stake in ASML Holding (NASDAQ:ASML)

Pennant Investors LP decreased its stake in ASML Holding (NASDAQ:ASML - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,300 shares of the semiconductor company's stock after selling 2,200 shares during the period. ASML makes up 0.8% of Pennant Investors LP's portfolio, making the stock its 14th largest holding. Pennant Investors LP's holdings in ASML were worth $2,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carnegie Investment Counsel grew its holdings in shares of ASML by 68.9% during the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 868 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in ASML in the 4th quarter valued at $1,174,000. Foundations Investment Advisors LLC raised its stake in shares of ASML by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock valued at $18,243,000 after buying an additional 7,073 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of ASML by 12.2% during the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock worth $6,764,000 after acquiring an additional 1,062 shares during the period. Finally, Alpha Cubed Investments LLC boosted its position in shares of ASML by 33.9% during the 4th quarter. Alpha Cubed Investments LLC now owns 81,564 shares of the semiconductor company's stock valued at $56,530,000 after acquiring an additional 20,651 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

ASML stock traded up $2.27 on Friday, reaching $677.27. The company's stock had a trading volume of 1,280,834 shares, compared to its average volume of 1,638,160. The business's fifty day moving average price is $687.38 and its 200 day moving average price is $707.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The company has a market cap of $266.45 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 1.62 and a beta of 1.67. ASML Holding has a twelve month low of $578.51 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. Equities 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. Shareholders of record on Monday, April 28th will be given a $1.5855 dividend. This is a positive change from ASML's previous dividend of $1.08. The ex-dividend date is Monday, April 28th. ASML's dividend payout ratio (DPR) is presently 27.48%.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Susquehanna cut their target price on 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 upgraded ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut 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. Two investment 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. According to MarketBeat.com, the company presently has an average 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.