ASML Holding N.V. $ASML is Barlow Wealth Partners LLC's 8th Largest Position

Key Points

• Barlow Wealth Partners reduced its ASML position by 11.2% during the second quarter, selling 2,101 shares. ASML remains the firm’s eighth-largest holding, representing 3.4% of its portfolio and valued at $33.1 million.
• ASML shares opened at $1,646.19, down 2.1%, with a market capitalization of approximately $647.4 billion. The company reported quarterly revenue of $10.62 billion, earnings per share of $8.65, and a 30.11% net margin.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,970.33, despite ratings ranging from “Sell” to “Strong Buy.” Institutional investors collectively own 26.07% of ASML.

Barlow Wealth Partners LLC lessened its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,634 shares of the semiconductor company's stock after selling 2,101 shares during the quarter. ASML accounts for approximately 3.4% of Barlow Wealth Partners LLC's portfolio, making the stock its 8th largest holding. Barlow Wealth Partners LLC's holdings in ASML were worth $33,092,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Baron Wealth Management LLC raised its holdings in shares of ASML by 1.8% during the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock valued at $662,000 after buying an additional 6 shares in the last quarter. Whitener Capital Management Inc. grew its position in ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock valued at $434,000 after acquiring an additional 6 shares during the last quarter. Founders Financial Alliance LLC grew its position in ASML by 2.3% during the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock valued at $529,000 after acquiring an additional 6 shares during the last quarter. 44 Wealth Management LLC raised its stake in shares of ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock worth $703,000 after acquiring an additional 7 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its stake in shares of ASML by 22.6% during the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Trading Down 2.1%

Shares of ASML opened at $1,646.19 on Friday. The stock has a market capitalization of $647.41 billion, a P/E ratio of 51.22, a PEG ratio of 0.83 and a beta of 1.79. 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 firm has a fifty day simple moving average of $1,752.60 and a two-hundred day simple moving average of $1,600.03. ASML Holding N.V. has a twelve month low of $735.43 and a twelve month high of $1,999.96.

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

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML's dividend payout ratio (DPR) is presently 22.62%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ASML. Morningstar cut shares of ASML to a "sell" rating in a research note on Wednesday, May 27th. Bank of America boosted their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Royal Bank Of Canada upped their price target 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. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a research note on Monday, June 1st. Finally, Sanford C. Bernstein lifted their price objective on ASML from $1,971.00 to $2,623.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average 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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