DAVENPORT & Co LLC Has $1.61 Million Stake in ASML Holding (NASDAQ:ASML)

DAVENPORT & Co LLC increased its position in shares of ASML Holding (NASDAQ:ASML) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,316 shares of the semiconductor company’s stock after purchasing an additional 48 shares during the period. DAVENPORT & Co LLC’s holdings in ASML were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in ASML by 1.0% during the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after purchasing an additional 31,879 shares during the period. Edgewood Management LLC lifted its holdings in shares of ASML by 3.3% during the 3rd 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. Van ECK Associates Corp boosted its position in shares of ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after acquiring an additional 474,653 shares in the last quarter. Windacre Partnership LLC increased its stake in ASML by 4.0% in the third quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock valued at $553,361,000 after acquiring an additional 25,600 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in ASML by 94,079.7% during the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

ASML stock opened at $742.59 on Thursday. The stock’s 50 day moving average is $721.49 and its 200 day moving average is $769.85. The company has a market capitalization of $292.15 billion, a P/E ratio of 35.70, a PEG ratio of 1.62 and a beta of 1.47. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, equities research analysts predict that ASML Holding will post 25.31 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th will be issued a $1.5855 dividend. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date is Tuesday, February 11th. ASML’s payout ratio is presently 26.83%.

Analyst Ratings Changes

ASML has been the subject of a number of research analyst reports. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Susquehanna cut their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $937.00.

About ASML

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.