WT Asset Management Ltd Reduces Position in ASML Holding N.V. $ASML

WT Asset Management Ltd trimmed its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,329 shares of the semiconductor company’s stock after selling 16,968 shares during the period. ASML comprises 4.1% of WT Asset Management Ltd’s holdings, making the stock its 11th biggest holding. WT Asset Management Ltd’s holdings in ASML were worth $209,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the fourth quarter valued at approximately $26,000. Binnacle Investments Inc grew its stake in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the last quarter. Resources Management Corp CT ADV raised its holdings in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares during the period. North Star Investment Management Corp. raised its holdings in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares during the period. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML during the 4th quarter worth approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Down 4.3%

Shares of NASDAQ ASML opened at $1,802.98 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market capitalization of $709.08 billion, a price-to-earnings ratio of 56.10, a PEG ratio of 0.92 and a beta of 1.79. The stock has a 50 day moving average price of $1,784.83 and a 200 day moving average price of $1,573.92. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Sell-side analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio is presently 22.62%.

Analysts Set New Price Targets

ASML has been the subject of a number of recent analyst reports. Susquehanna restated a “positive” rating on shares of ASML in a report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their target price on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, May 8th. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.