Advocacy Wealth Management LLC Trims Stock Position in ASML Holding N.V. $ASML

Key Points

• Advocacy Wealth Management cut its ASML position by 32.7% in the second quarter, selling 2,816 shares and retaining 5,796 shares valued at approximately $11.5 million.
• Institutional sentiment was mixed, with several funds increasing their stakes; hedge funds and other institutional investors collectively own 26.07% of ASML.
• ASML reported $8.65 in quarterly EPS on $10.62 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $1,970.33 versus the reported opening price of $1,696.16.

Advocacy Wealth Management LLC trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 32.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,796 shares of the semiconductor company's stock after selling 2,816 shares during the period. Advocacy Wealth Management LLC's holdings in ASML were worth $11,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BTG Pactual Asset Management US LLC grew its position in ASML by 95.2% during the second quarter. BTG Pactual Asset Management US LLC now owns 1,415 shares of the semiconductor company's stock valued at $2,815,000 after acquiring an additional 690 shares during the period. ICONIQ Capital LLC purchased a new position in shares of ASML in the 2nd quarter worth about $762,000. Moore Capital Management LP raised its holdings in shares of ASML by 82.8% in the 2nd quarter. Moore Capital Management LP now owns 2,000 shares of the semiconductor company's stock worth $3,979,000 after purchasing an additional 906 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of ASML by 0.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 9,497 shares of the semiconductor company's stock valued at $18,899,000 after purchasing an additional 40 shares in the last quarter. Finally, GTS Securities LLC lifted its stake in shares of ASML by 61.7% in the 2nd quarter. GTS Securities LLC now owns 540 shares of the semiconductor company's stock valued at $1,074,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Price Performance

ASML opened at $1,696.16 on Monday. The company has a market capitalization of $667.07 billion, a P/E ratio of 52.77, a PEG ratio of 0.84 and a beta of 1.79. The company has a 50-day moving average of $1,764.95 and a 200-day moving average of $1,592.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML Holding N.V. has a 1-year low of $716.20 and a 1-year high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities analysts expect that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML's dividend payout ratio (DPR) is presently 22.62%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Wells Fargo & Company lifted their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Zacks Research downgraded shares of ASML from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 3rd. UBS Group reissued a "buy" rating on shares of ASML in a research report on Wednesday, July 1st. Finally, Berenberg Bank reissued a "buy" rating on shares of ASML in a research note on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently 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.

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