Oak Grove Capital LLC Takes $416,000 Position in ASML Holding (NASDAQ:ASML)

Oak Grove Capital LLC bought a new position in shares of ASML Holding (NASDAQ:ASML) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 600 shares of the semiconductor company’s stock, valued at approximately $416,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fisher Funds Management LTD purchased a new stake in shares of ASML in the 4th quarter valued at approximately $137,386,000. SG Americas Securities LLC lifted its position 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 purchasing an additional 115,603 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of ASML by 126.4% during the third quarter. Westfield Capital Management Co. LP now owns 148,377 shares of the semiconductor company’s stock worth $123,635,000 after purchasing an additional 82,836 shares in the last quarter. Empirical Asset Management LLC increased its holdings in 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 during the last quarter. Finally, Edgewood Management LLC raised its stake in ASML by 3.3% in the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after buying an additional 70,776 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $708.22 on Wednesday. The business has a 50 day simple moving average of $732.50 and a 200-day simple moving average of $750.10. The company has a market capitalization of $278.63 billion, a P/E ratio of 34.05, 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 current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last issued its quarterly earnings data 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%. As a group, equities analysts anticipate that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on ASML shares. BNP Paribas assumed coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Sanford C. Bernstein cut their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently 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.