Kerrisdale Advisers LLC Has $3.06 Million Stock Position in ASML Holding (NASDAQ:ASML)

Kerrisdale Advisers LLC lifted its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 532.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,418 shares of the semiconductor company's stock after purchasing an additional 3,719 shares during the quarter. ASML makes up about 1.0% of Kerrisdale Advisers LLC's investment portfolio, making the stock its 25th largest position. Kerrisdale Advisers LLC's holdings in ASML were worth $3,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. lifted its position in shares of ASML by 4.8% during the 4th 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 period. Cyndeo Wealth Partners LLC lifted its holdings in shares of ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company's stock valued at $2,223,000 after acquiring an additional 14 shares during the period. Trust Point Inc. boosted its stake in shares of ASML by 2.4% in the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock valued at $420,000 after purchasing an additional 14 shares in the last quarter. Sunpointe LLC grew its holdings in shares of ASML by 1.3% in the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock worth $772,000 after purchasing an additional 14 shares during the last quarter. Finally, Wealth Quarterback LLC increased its position in shares of ASML by 1.1% during the 4th 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. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

Shares of ASML stock opened at $657.98 on Thursday. The firm has a 50 day simple moving average of $690.25 and a 200 day simple moving average of $709.50. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a market cap of $258.86 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.62 and a beta of 1.67.

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

ASML Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, April 28th. This is an increase from ASML's previous dividend of $1.08. ASML's dividend payout ratio is presently 27.48%.

Wall Street Analyst Weigh In

ASML has been the topic of a number of recent analyst reports. Susquehanna reduced their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. DZ Bank raised ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. cut their price objective on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.

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