Alley Investment Management Company LLC Buys New Holdings in ASML Holding N.V. $ASML

Key Points

• Alley Investment Management initiated a $14.5 million position in ASML during the second quarter, making the semiconductor equipment maker 1.7% of its portfolio and its 26th-largest holding.
• ASML reported quarterly revenue of $10.62 billion and earnings of $8.65 per share, with a 30.11% net margin and 52.71% return on equity. Institutional investors own 26.07% of the company.
• Shares recently traded at $1,646.19, down 2.1%, while analysts maintained an overall “Moderate Buy” consensus with an average price target of $1,970.33; ASML’s quarterly dividend implies a 0.5% yield.

Alley Investment Management Company LLC purchased a new position in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,297 shares of the semiconductor company's stock, valued at approximately $14,517,000. ASML makes up about 1.7% of Alley Investment Management Company LLC's investment portfolio, making the stock its 26th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in ASML by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company's stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the last quarter. Van ECK Associates Corp raised its position in ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock worth $4,892,869,000 after purchasing an additional 592,125 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in ASML by 6.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock worth $2,168,227,000 after purchasing an additional 96,860 shares during the last quarter. Bank of America Corp DE boosted its position in shares of ASML by 1.2% during the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company's stock valued at $2,060,833,000 after buying an additional 19,051 shares during the period. Finally, Price T Rowe Associates Inc. MD grew 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 valued at $1,633,046,000 after buying an additional 193,068 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 2.1%

Shares of NASDAQ:ASML opened at $1,646.19 on Friday. The company has a market capitalization of $647.41 billion, a PE ratio of 51.22, a P/E/G ratio of 0.83 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12-month low of $735.43 and a 12-month high of $1,999.96. The business's fifty day simple moving average is $1,752.60 and its 200-day simple moving average is $1,600.03.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $10.62 billion during the quarter. As a group, equities research analysts predict that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given 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 dividend payout ratio is presently 22.62%.

Analyst Ratings Changes

A number of research firms recently issued reports on ASML. Wells Fargo & Company boosted their price objective on ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. UBS Group reissued a "buy" rating on shares of ASML in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a report on Friday, July 10th. Royal Bank Of Canada boosted their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the company an "outperform" rating in a research report on Tuesday, July 14th. Finally, Morningstar lowered ASML to a "sell" rating in a report on Wednesday, May 27th. Four research 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. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and a consensus 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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