DSM Capital Partners LLC Boosts Stake in ASML Holding N.V. $ASML

DSM Capital Partners LLC grew its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 35.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,449 shares of the semiconductor company’s stock after acquiring an additional 1,167 shares during the period. DSM Capital Partners LLC’s holdings in ASML were worth $8,851,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Acumen Wealth Advisors LLC lifted its stake in shares of ASML by 172.8% in the second quarter. Acumen Wealth Advisors LLC now owns 1,918 shares of the semiconductor company’s stock worth $3,816,000 after acquiring an additional 1,215 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in ASML in the second quarter valued at about $259,000. University of Texas Texas AM Investment Management Co. grew its stake in ASML by 4,490.9% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 1,010 shares of the semiconductor company’s stock valued at $2,009,000 after purchasing an additional 988 shares in the last quarter. Ascent Group LLC grew its stake in ASML by 20.1% during the 2nd quarter. Ascent Group LLC now owns 2,397 shares of the semiconductor company’s stock valued at $4,770,000 after purchasing an additional 401 shares in the last quarter. Finally, Oakwell Private Wealth Management LLC purchased a new stake in ASML during the 2nd quarter worth approximately $201,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of recent analyst reports. Sanford C. Bernstein upped their target price on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Wells Fargo & Company upped their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Trading Down 0.2%

Shares of NASDAQ ASML opened at $1,844.45 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $1,781.65 and its two-hundred day moving average price is $1,567.15. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96. The stock has a market capitalization of $725.39 billion, a P/E ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79.

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

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. 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.