Zevenbergen Capital Investments LLC Lowers Holdings in ASML Holding (NASDAQ:ASML)

Zevenbergen Capital Investments LLC decreased its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 82.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,174 shares of the semiconductor company's stock after selling 65,863 shares during the period. Zevenbergen Capital Investments LLC's holdings in ASML were worth $9,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASML. Kennebec Savings Bank raised its position in shares of ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 25 shares during the last quarter. Wellington Shields & Co. LLC lifted its holdings in ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in ASML in the 4th quarter worth $31,000. Brooklyn Investment Group purchased a new stake in shares of ASML during the third quarter worth about $43,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of ASML during the third quarter worth $43,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ASML shares. JPMorgan Chase & Co. reduced their price objective on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Sanford C. Bernstein reduced their target price 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. Finally, BNP Paribas began coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price target for the company. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $937.00.

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ASML Stock Down 0.7 %

Shares of ASML stock traded down $4.66 on Thursday, reaching $701.10. The stock had a trading volume of 234,417 shares, compared to its average volume of 1,527,041. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company has a 50 day moving average price of $730.29 and a 200 day moving average price of $732.96. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $275.83 billion, a P/E ratio of 33.67, a P/E/G ratio of 1.62 and a beta of 1.54.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing the consensus estimate 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, equities research analysts forecast that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were paid a dividend of $1.5855 per share. This is a positive change from ASML's previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML's payout ratio is presently 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.