ASML Holding N.V. $ASML Shares Bought by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its ASML stake by 10.9% in the second quarter, adding 5,188 shares for a total of 52,796 shares valued at approximately $105 million. Institutional investors collectively own 26.07% of the company.
• Analysts remain broadly bullish, with an average “Moderate Buy” rating and an average price target of $1,970.33. Wells Fargo, Bank of America and other firms recently raised or maintained positive price targets and ratings.
• ASML reported quarterly revenue of $10.62 billion and earnings per share of $8.65, while its latest quarterly dividend was $2.1507 per share, equivalent to a 0.5% annualized yield.

NEOS Investment Management LLC raised its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,796 shares of the semiconductor company's stock after buying an additional 5,188 shares during the period. NEOS Investment Management LLC's holdings in ASML were worth $105,034,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in shares of ASML during the 4th quarter valued at $26,000. Binnacle Investments Inc boosted its position in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV increased its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Field & Main Bank acquired a new stake in ASML in the 2nd quarter valued at $30,000. Finally, Jessup Wealth Management Inc purchased a new position in ASML in the fourth quarter valued at about $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ASML. Wells Fargo & Company boosted their price objective on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Barclays reiterated an "overweight" rating on shares of ASML in a research note on Thursday, July 16th. Bank of America boosted their price target on ASML from $2,268.00 to $2,345.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Berenberg Bank restated a "buy" rating on shares of ASML in a report on Friday, May 8th. Finally, Argus set a $2,100.00 price target on ASML in a report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Stock Performance

NASDAQ:ASML opened at $1,646.19 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a 50-day moving average of $1,752.60 and a two-hundred day moving average of $1,600.03. The stock has a market cap of $647.41 billion, a P/E ratio of 51.22, a PEG ratio of 0.83 and a beta of 1.79. ASML Holding N.V. has a 1-year low of $735.43 and a 1-year high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results 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 company had revenue of $10.62 billion during the quarter. On average, research analysts expect that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

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

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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