KP Management LLC Has $5.11 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

KP Management LLC lifted its stake in ASML Holding (NASDAQ:ASML - Free Report) by 66.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the semiconductor company's stock after acquiring an additional 2,000 shares during the period. ASML makes up 1.8% of KP Management LLC's portfolio, making the stock its 21st largest holding. KP Management LLC's holdings in ASML were worth $5,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC grew its stake in shares of ASML by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company's stock worth $3,760,348,000 after acquiring an additional 95,795 shares during the last quarter. Jennison Associates LLC boosted its stake in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company's stock worth $1,668,386,000 after buying an additional 572,996 shares in the last quarter. GQG Partners LLC boosted its stake in ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company's stock worth $1,608,921,000 after buying an additional 294,784 shares in the last quarter. Van ECK Associates Corp boosted its stake in ASML by 15.4% during the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company's stock worth $1,311,545,000 after buying an additional 170,992 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in ASML by 18.9% during the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company's stock worth $1,184,173,000 after buying an additional 194,357 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ASML shares. Susquehanna lifted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a "positive" rating in a research note on Thursday, July 11th. Morgan Stanley downgraded shares of ASML from an "overweight" rating to an "equal weight" rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an "overweight" rating in a report on Thursday, July 18th. Barclays raised ASML from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company lifted their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an "overweight" rating in a report on Monday, June 17th. Four equities 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,147.80.

ASML Trading Up 1.2 %

NASDAQ:ASML traded up $9.84 on Wednesday, hitting $832.19. 883,365 shares of the stock were exchanged, compared to its average volume of 1,258,753. The stock has a market capitalization of $328.37 billion, a price-to-earnings ratio of 42.54, a P/E/G ratio of 1.97 and a beta of 1.49. ASML Holding has a 52 week low of $567.57 and a 52 week high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The company's 50-day moving average price is $851.46 and its 200 day moving average price is $931.66.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to analysts' expectations of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company's quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.37 EPS. On average, equities research analysts forecast that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This is a boost from ASML's previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.90%. The ex-dividend date was Monday, July 29th. ASML's payout ratio is currently 28.50%.

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.