Bornite Capital Management LP Makes New Investment in ASML Holding N.V. $ASML

Bornite Capital Management LP acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASML) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the semiconductor company’s stock, valued at approximately $49,736,000. ASML accounts for about 6.3% of Bornite Capital Management LP’s holdings, making the stock its 7th largest holding.

A number of other large investors have also recently made changes to their positions in the stock. Capstone Wealth Management Group LLC raised its stake in ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after acquiring an additional 124 shares during the last quarter. AQR Capital Management LLC lifted its position in ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after acquiring an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after purchasing an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after purchasing an additional 15 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of ASML by 5.2% in the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after purchasing an additional 559 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Argus set a $2,100.00 target price on ASML in a report on Thursday, July 16th. Barclays reiterated an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Susquehanna restated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Stock Down 1.8%

ASML stock opened at $1,665.14 on Wednesday. The firm has a market cap of $654.87 billion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96. The business’s 50-day moving average price is $1,758.02 and its 200 day moving average price is $1,596.40. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.62 billion during the quarter. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 44.99 earnings per share for the current year.

ASML Cuts Dividend

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