Oliver Lagore Vanvalin Investment Group Grows Stock Holdings in ASML Holding (NASDAQ:ASML)

Oliver Lagore Vanvalin Investment Group grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 62.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,856 shares of the semiconductor company’s stock after purchasing an additional 715 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in ASML were worth $1,404,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ASML. Mirae Asset Global Investments Co. Ltd. grew its position in shares of ASML by 14.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,923 shares of the semiconductor company’s stock valued at $153,573,000 after acquiring an additional 29,290 shares during the period. Blair William & Co. IL grew its position in shares of ASML by 5.5% during the 1st quarter. Blair William & Co. IL now owns 6,391 shares of the semiconductor company’s stock valued at $4,230,000 after acquiring an additional 336 shares during the period. Cetera Investment Advisers grew its position in shares of ASML by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 4,266 shares of the semiconductor company’s stock valued at $2,849,000 after acquiring an additional 502 shares during the period. Moors & Cabot Inc. bought a new stake in shares of ASML during the 1st quarter valued at $264,000. Finally, Dakota Wealth Management grew its position in shares of ASML by 35.2% during the 1st quarter. Dakota Wealth Management now owns 426 shares of the semiconductor company’s stock valued at $284,000 after acquiring an additional 111 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Down 1.6 %

Shares of ASML traded down $14.94 during mid-day trading on Thursday, hitting $892.67. The company’s stock had a trading volume of 1,148,417 shares, compared to its average volume of 1,230,080. The company’s 50-day moving average is $960.66 and its 200-day moving average is $791.11. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,056.34. The firm has a market capitalization of $352.24 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 2.36 and a beta of 1.48. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. ASML had a net margin of 28.44% and a return on equity of 68.32%. The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. On average, equities research analysts forecast that ASML Holding will post 20.4 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be given a dividend of $1.343 per share. The ex-dividend date is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.60%. ASML’s payout ratio is 24.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASML. Susquehanna boosted their price objective on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Raymond James boosted their price objective on shares of ASML from $850.00 to $1,000.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Wells Fargo & Company lifted their target price on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Cantor Fitzgerald initiated coverage on shares of ASML in a research note on Tuesday, January 23rd. They set an “overweight” rating on the stock. Finally, Sanford C. Bernstein decreased their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,036.00.

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.