ASML Holding N.V. $ASML Position Cut by AlTi Global Inc.

Key Points

• AlTi Global cut its ASML position by 76.3% in the second quarter, selling 1,270 shares and retaining 395 shares valued at approximately $786,000. Other institutional investors, including AQR Capital Management and UBS Asset Management, increased their holdings.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a consensus price target of $1,970.33. However, Morningstar downgraded the stock to “sell,” highlighting some divergence among analysts.
• ASML reported quarterly EPS of $8.65 on $10.64 billion in revenue, with a 30.11% net margin and 52.71% return on equity. Shares opened at $1,844.45, near their 12-month high of $1,999.96, while the company’s annualized dividend yield is approximately 0.5%.

AlTi Global Inc. decreased its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 76.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 395 shares of the semiconductor company's stock after selling 1,270 shares during the quarter. AlTi Global Inc.'s holdings in ASML were worth $786,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Capstone Wealth Management Group LLC boosted its stake in ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company's stock valued at $1,664,000 after purchasing an additional 124 shares during the period. AQR Capital Management LLC grew its position in ASML by 141.1% in the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company's stock worth $4,553,000 after purchasing an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company's stock valued at $11,404,000 after purchasing an additional 10,411 shares during the period. Sivia Capital Partners LLC increased its stake in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company's stock valued at $936,000 after purchasing an additional 15 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of ASML by 5.2% during the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company's stock valued at $9,122,000 after buying an additional 559 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

ASML has been the subject of several analyst reports. Berenberg Bank reiterated a "buy" rating on shares of ASML in a research report on Friday, May 8th. Sanford C. Bernstein lifted their target price on ASML from $1,971.00 to $2,623.00 and gave the company an "outperform" rating in a research note on Monday, July 6th. Morningstar lowered ASML to a "sell" rating in a research report on Wednesday, May 27th. Barclays reissued an "overweight" rating on shares of ASML in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised their price target on ASML from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Stock Performance

Shares of ASML opened at $1,844.45 on Monday. The firm's 50 day moving average is $1,781.65 and its 200-day moving average is $1,568.23. The stock has a market capitalization of $725.39 billion, a P/E ratio of 57.39, a P/E/G ratio of 0.92 and a beta of 1.79. 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 12-month low of $716.20 and a 12-month high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The business had revenue of $10.64 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Equities research analysts anticipate that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued 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 is currently 22.62%.

ASML Company Profile

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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