Appaloosa LP Decreases Stake in ASML Holding N.V. $ASML

Key Points

• Appaloosa LP reduced its holdings in ASML Holding N.V. by 56.3%, selling 90,000 shares and now owning 70,000 shares, which represent 0.6% of its portfolio.
• ASML reported $4.55 earnings per share for the last quarter, missing estimates by $1.39, although quarterly revenue was up 23.2% year-over-year.
• The company recently announced an increase in its quarterly dividend to $1.856, yielding about 1.0% annually, reflecting a payout ratio of 26.21%.

Appaloosa LP decreased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 56.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 70,000 shares of the semiconductor company's stock after selling 90,000 shares during the period. ASML makes up approximately 0.6% of Appaloosa LP's investment portfolio, making the stock its 23rd largest holding. Appaloosa LP's holdings in ASML were worth $46,384,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Putney Financial Group LLC boosted its position in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in ASML in the first quarter valued at approximately $27,000. Knuff & Co LLC purchased a new stake in ASML in the first quarter valued at approximately $33,000. Wayfinding Financial LLC purchased a new stake in ASML in the first quarter valued at approximately $35,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in ASML in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group upgraded ASML from a "neutral" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company boosted their price target on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Sanford C. Bernstein assumed coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective on the stock. Finally, Erste Group Bank restated a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Performance

ASML stock traded up $28.27 during mid-day trading on Friday, hitting $781.70. The company had a trading volume of 1,885,291 shares, compared to its average volume of 1,233,055. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $873.65. The company has a market capitalization of $307.54 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 1.70 and a beta of 1.80. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The company's fifty day moving average is $749.11 and its 200-day moving average is $726.36.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same period in the prior year, the business posted $4.01 EPS. ASML's revenue was up 23.2% compared to the same quarter last year. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were paid a $1.856 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 0.9%. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is 26.21%.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.