Oak Grove Capital LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Oak Grove Capital LLC bought a new stake in ASML Holding (NASDAQ:ASML) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 600 shares of the semiconductor company’s stock, valued at approximately $416,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Funds Management LTD acquired a new stake in ASML in the fourth quarter valued at about $137,386,000. SG Americas Securities LLC raised its stake in shares of ASML by 281.3% during the 4th quarter. SG Americas Securities LLC now owns 156,693 shares of the semiconductor company’s stock worth $108,601,000 after buying an additional 115,603 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of ASML by 126.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 148,377 shares of the semiconductor company’s stock valued at $123,635,000 after buying an additional 82,836 shares during the period. Empirical Asset Management LLC boosted its stake in shares of ASML by 2,825.3% in the fourth quarter. Empirical Asset Management LLC now owns 84,191 shares of the semiconductor company’s stock valued at $58,351,000 after buying an additional 81,313 shares in the last quarter. Finally, Edgewood Management LLC grew its holdings in ASML by 3.3% during the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after acquiring an additional 70,776 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASML has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. BNP Paribas initiated coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Sanford C. Bernstein decreased their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, Wells Fargo & Company raised their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Up 1.2 %

ASML stock opened at $708.22 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The company’s 50 day simple moving average is $732.50 and its 200-day simple moving average is $750.10. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The firm has a market capitalization of $278.63 billion, a PE ratio of 34.05, a P/E/G ratio of 1.62 and a beta of 1.47.

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

ASML Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th were given a dividend of $1.5855 per share. The ex-dividend date was Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is currently 31.35%.

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.