ASML Holding N.V. $ASML Shares Acquired by Acumen Wealth Advisors LLC

Key Points

• Acumen Wealth Advisors increased its ASML stake by 172.8% in the second quarter, purchasing 1,215 additional shares for a total of 1,918 shares valued at approximately $3.8 million.
• Several other institutional investors also raised their ASML holdings, with institutions and hedge funds collectively owning 26.07% of the company’s stock.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,970.33, while the company’s annualized dividend yield is 0.5%.

Acumen Wealth Advisors LLC increased its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 172.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,918 shares of the semiconductor company's stock after purchasing an additional 1,215 shares during the period. ASML accounts for about 0.8% of Acumen Wealth Advisors LLC's investment portfolio, making the stock its 29th largest holding. Acumen Wealth Advisors LLC's holdings in ASML were worth $3,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ASML. Capstone Wealth Management Group LLC boosted its position in shares of 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 in the last quarter. AQR Capital Management LLC raised its holdings in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in ASML by 153.1% during 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 last quarter. Sivia Capital Partners LLC lifted its stake in ASML by 1.3% during 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 last quarter. Finally, NewEdge Advisors LLC boosted its holdings in ASML by 5.2% during the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company's stock worth $9,122,000 after buying an additional 559 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 0.2%

Shares of ASML stock opened at $1,844.45 on Friday. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The company has a market cap 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 current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $1,781.65 and a 200 day moving average price of $1,567.15.

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

ASML Cuts Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on ASML. Royal Bank Of Canada lifted their price target on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. Sanford C. Bernstein raised their price objective on ASML from $1,971.00 to $2,623.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Weiss Ratings raised ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ASML in a report on Friday, July 10th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,970.33.

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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