Fmr LLC Has $2.32 Billion Stock Position in ASML Holding (NASDAQ:ASML)

Fmr LLC cut its stake in ASML Holding (NASDAQ:ASML) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,354,140 shares of the semiconductor company’s stock after selling 622,089 shares during the period. Fmr LLC owned about 0.85% of ASML worth $2,324,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Steigerwald Gordon & Koch Inc. grew its stake in 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 last quarter. Cyndeo Wealth Partners LLC boosted its holdings in shares of ASML by 0.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock worth $2,223,000 after acquiring an additional 14 shares in the last quarter. Trust Point Inc. grew its position in ASML by 2.4% during the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock worth $420,000 after acquiring an additional 14 shares during the last quarter. Sunpointe LLC raised its position in ASML by 1.3% in the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 14 shares during the last quarter. Finally, Wealth Quarterback LLC boosted its stake 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 in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML opened at $605.55 on Friday. The company has a fifty day moving average price of $716.73 and a two-hundred day moving average price of $726.43. 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 firm has a market capitalization of $238.24 billion, a PE ratio of 29.11, a P/E/G ratio of 1.62 and a beta of 1.67. ASML Holding has a 52 week low of $597.69 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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%. As a group, 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. Shareholders of record on Monday, April 28th will be issued a $1.5855 dividend. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is 31.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ASML shares. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, Wells Fargo & Company increased their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average 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.