Crew Capital Management Ltd Reduces Stake in ASML Holding N.V. $ASML

Crew Capital Management Ltd reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 21.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,032 shares of the semiconductor company’s stock after selling 278 shares during the period. ASML makes up about 1.1% of Crew Capital Management Ltd’s investment portfolio, making the stock its 20th biggest position. Crew Capital Management Ltd’s holdings in ASML were worth $2,053,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Common Asset Management LLC bought a new position in shares of ASML in the 1st quarter worth approximately $4,355,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of ASML by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after buying an additional 760 shares during the last quarter. Keudell Morrison Wealth Management bought a new stake in ASML during the fourth quarter valued at approximately $1,402,000. Keybank National Association OH grew its position in ASML by 21.3% during the fourth quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock valued at $69,920,000 after buying an additional 11,459 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its holdings in ASML by 507.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock valued at $2,883,000 after buying an additional 2,251 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Down 0.2%

Shares of ASML stock opened at $1,844.45 on Friday. 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 one year low of $716.20 and a one year high of $1,999.96. The company’s fifty day moving average price is $1,781.65 and its 200-day moving average price is $1,567.15. The company has a market capitalization of $725.39 billion, a price-to-earnings 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 earnings per share for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The company had revenue of $10.64 billion during the quarter. Sell-side analysts expect that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, May 8th. Morningstar lowered ASML to a “sell” rating in a research note on Wednesday, May 27th. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Wells Fargo & Company lifted their target price on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Citigroup restated a “buy” rating on shares of ASML in a research report on Friday, July 17th. Four 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. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

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.