Edgewood Management LLC Has $2.21 Billion Holdings in ASML Holding (NASDAQ:ASML)

Edgewood Management LLC raised its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 43.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,186,667 shares of the semiconductor company's stock after purchasing an additional 959,696 shares during the period. ASML makes up approximately 6.3% of Edgewood Management LLC's portfolio, making the stock its 3rd biggest holding. Edgewood Management LLC owned about 0.81% of ASML worth $2,208,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank lifted its position in shares of ASML by 227.3% during the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. Wellington Shields & Co. LLC increased its stake in ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after buying an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of ASML during the 4th quarter worth approximately $31,000. Legacy Investment Solutions LLC bought a new position in shares of ASML in the third quarter valued at approximately $44,000. Finally, Albion Financial Group UT increased its position in shares of ASML by 133.3% during the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 32 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on ASML. JPMorgan Chase & Co. cut their price objective on 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. Wells Fargo & Company boosted their price target on shares of ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, ASML presently has an average rating of "Moderate Buy" and a consensus price target of $937.00.

ASML Stock Performance

ASML stock traded down $47.59 during midday trading on Thursday, reaching $639.67. The stock had a trading volume of 1,643,317 shares, compared to its average volume of 1,610,511. 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 firm has a market capitalization of $251.66 billion, a PE ratio of 30.90, a P/E/G ratio of 1.62 and a beta of 1.67. ASML Holding has a 12 month low of $578.51 and a 12 month high of $1,110.09. The firm's 50-day moving average price is $709.10 and its 200 day moving average price is $721.15.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results 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, research analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be given a $1.5855 dividend. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from ASML's previous dividend of $1.08. ASML's payout ratio is 31.35%.

ASML Company 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.