ASML Holding N.V. $ASML Stock Holdings Lessened by Old West Investment Management LLC

Old West Investment Management LLC lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 12.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,000 shares of the semiconductor company’s stock after selling 1,543 shares during the quarter. ASML accounts for about 2.3% of Old West Investment Management LLC’s portfolio, making the stock its 9th biggest holding. Old West Investment Management LLC’s holdings in ASML were worth $21,884,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after purchasing an additional 1,022,532 shares in the last quarter. Sei Investments Co. grew its position in shares of ASML by 223.7% in the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after purchasing an additional 198,505 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of ASML by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after purchasing an additional 193,068 shares in the last quarter. Invesco Ltd. increased its stake in shares of ASML by 21.3% during the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after purchasing an additional 148,948 shares in the last quarter. Finally, Sands Capital Management LLC raised its position in shares of ASML by 26.6% during the 4th quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock worth $716,790,000 after purchasing an additional 140,821 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ASML shares. Sanford C. Bernstein raised their price target on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Berenberg Bank reissued a “buy” rating on shares of ASML in a report on Friday, May 8th. Barclays restated an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their price target 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. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Stock Performance

ASML stock opened at $1,883.12 on Tuesday. The firm has a 50 day simple moving average of $1,784.33 and a 200-day simple moving average of $1,571.25. The stock has a market cap of $740.59 billion, a price-to-earnings ratio of 58.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. ASML Holding N.V. has a 1-year low of $716.20 and a 1-year high of $1,999.96.

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

ASML Cuts Dividend

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

About ASML

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.