GKV Capital Management Co. Inc. Acquires 379 Shares of ASML Holding N.V. $ASML

GKV Capital Management Co. Inc. boosted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,037 shares of the semiconductor company’s stock after acquiring an additional 379 shares during the quarter. ASML accounts for about 1.1% of GKV Capital Management Co. Inc.’s investment portfolio, making the stock its 26th largest holding. GKV Capital Management Co. Inc.’s holdings in ASML were worth $3,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of ASML by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 4,839,202 shares of the semiconductor company’s stock valued at $8,767,040,000 after purchasing an additional 101,588 shares during the period. Private Advisory Group LLC lifted its position in shares of ASML by 12.1% in the third quarter. Private Advisory Group LLC now owns 12,990 shares of the semiconductor company’s stock worth $23,533,000 after purchasing an additional 1,398 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of ASML by 8.8% in the third quarter. Russell Investments Group Ltd. now owns 67,132 shares of the semiconductor company’s stock worth $121,897,000 after purchasing an additional 5,446 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in shares of ASML by 4.1% during the third quarter. Werba Rubin Papier Wealth Management now owns 537 shares of the semiconductor company’s stock worth $973,000 after purchasing an additional 21 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its holdings in shares of ASML by 12.4% during the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 309 shares of the semiconductor company’s stock worth $560,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ASML. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Monday, September 28th. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a research note on Monday, September 14th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, September 30th. Wall Street Zen raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,204.71.

ASML Stock Performance

Shares of ASML stock opened at $1,497.12 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01. ASML Holding N.V. has a fifty-two week low of $946.11 and a fifty-two week high of $1,999.96. The stock’s 50-day moving average is $1,663.51 and its two-hundred day moving average is $1,602.33. The firm has a market cap of $577.02 billion, a P/E ratio of 36.86, a PEG ratio of 0.64 and a beta of 1.80.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. The company had revenue of $13.27 billion during the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. Analysts predict that ASML Holding N.V. will post 46.51 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were issued a $2.1077 dividend. This is a decrease from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, October 27th. ASML’s dividend payout ratio is currently 17.55%.

ASML Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers. The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.