Canal Capital Management LLC Has $4.73 Million Position in ASML Holding (NASDAQ:ASML)

Canal Capital Management LLC increased its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,823 shares of the semiconductor company's stock after buying an additional 614 shares during the quarter. Canal Capital Management LLC's holdings in ASML were worth $4,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. Morse Asset Management Inc acquired a new position in ASML in the third quarter valued at $52,000. Geode Capital Management LLC grew its stake in shares of ASML by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 80,290 shares of the semiconductor company's stock valued at $66,902,000 after purchasing an additional 3,100 shares during the last quarter. Advisory Resource Group increased its holdings in shares of ASML by 21.7% in the third quarter. Advisory Resource Group now owns 1,191 shares of the semiconductor company's stock valued at $992,000 after purchasing an additional 212 shares during the period. Chelsea Counsel Co. acquired a new stake in shares of ASML during the third quarter worth $417,000. Finally, Anchor Investment Management LLC grew its position in ASML by 12.6% in the 3rd quarter. Anchor Investment Management LLC now owns 1,375 shares of the semiconductor company's stock valued at $1,146,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Stock Performance

Shares of NASDAQ:ASML traded up $17.02 during trading on Thursday, hitting $675.00. 1,767,195 shares of the stock were exchanged, compared to its average volume of 1,634,382. The company has a market capitalization of $265.56 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.67. The company's fifty day simple moving average is $690.25 and its 200-day simple moving average is $709.50. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. Sell-side analysts expect that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be given 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 is Monday, April 28th. ASML's payout ratio is 27.48%.

Analysts Set New Price Targets

Several analysts have recently commented on ASML shares. Susquehanna reduced their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company reduced their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price 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. Finally, DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and an average price target of $906.00.

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.