Gavilan Investment Partners LLC Buys New Shares in ASML Holding (NASDAQ:ASML)

Gavilan Investment Partners LLC acquired a new stake in shares of ASML Holding (NASDAQ:ASML) during the 4th quarter, Holdings Channel reports. The firm acquired 16,200 shares of the semiconductor company’s stock, valued at approximately $12,262,000. ASML accounts for 4.6% of Gavilan Investment Partners LLC’s holdings, making the stock its 12th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC raised its holdings in shares of ASML by 11.5% during the third quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock valued at $5,013,000 after purchasing an additional 881 shares during the period. Savoie Capital LLC bought a new stake in shares of ASML during the third quarter worth about $14,658,000. International Assets Investment Management LLC increased its position in shares of ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after acquiring an additional 245,488 shares in the last quarter. CenterBook Partners LP increased its position in shares of ASML by 69.2% during the third quarter. CenterBook Partners LP now owns 11,529 shares of the semiconductor company’s stock worth $6,787,000 after acquiring an additional 4,716 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its position in shares of ASML by 219.0% during the fourth quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock worth $2,195,000 after acquiring an additional 2,168 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ASML shares. Evercore ISI started coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Susquehanna upped their price objective on shares of ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Wells Fargo & Company upped their price objective on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Sanford C. Bernstein reduced their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Stock Performance

NASDAQ ASML traded down $5.76 on Tuesday, hitting $911.16. 419,402 shares of the stock traded hands, compared to its average volume of 1,209,052. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The business’s fifty day moving average is $950.50 and its two-hundred day moving average is $819.48. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,056.34. The firm has a market capitalization of $359.53 billion, a price-to-earnings ratio of 46.93, a PEG ratio of 2.25 and a beta of 1.49.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be paid a dividend of $1.343 per share. The ex-dividend date is Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.59%. ASML’s payout ratio is 32.53%.

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.