ASML Holding N.V. $ASML Shares Sold by Deepwater Asset Management LLC

Key Points

• Deepwater Asset Management cut its ASML stake by 72.3% in the second quarter, selling 2,742 shares and retaining 1,053 shares valued at approximately $2.1 million.
• Despite the sale, several major institutions—including Fisher Asset Management, Arrowstreet Capital, T. Rowe Price and BlackRock—added to their positions; institutional investors collectively own 26.07% of ASML.
• ASML reported quarterly revenue of $10.64 billion and EPS of $8.65, while analysts maintain a “Moderate Buy” consensus with an average price target of $1,970.33.

Deepwater Asset Management LLC cut its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 72.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,053 shares of the semiconductor company's stock after selling 2,742 shares during the period. ASML makes up approximately 1.0% of Deepwater Asset Management LLC's investment portfolio, making the stock its 27th biggest position. Deepwater Asset Management LLC's holdings in ASML were worth $2,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC lifted its position in ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company's stock worth $4,798,268,000 after purchasing an additional 132,353 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock worth $2,168,227,000 after buying an additional 96,860 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of ASML by 1.2% in the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company's stock valued at $2,060,833,000 after buying an additional 19,051 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of ASML by 14.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company's stock valued at $1,633,046,000 after buying an additional 193,068 shares during the period. Finally, BlackRock Inc. boosted its stake in ASML by 4.9% during the second quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company's stock valued at $2,550,840,000 after buying an additional 59,888 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Trading Down 4.3%

NASDAQ:ASML opened at $1,802.98 on Wednesday. The stock has a market cap of $709.08 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. 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 stock's 50-day moving average is $1,784.83 and its two-hundred day moving average is $1,573.92.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (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%. As a group, equities research analysts forecast that ASML Holding N.V. will post 44.85 earnings per share 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%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a research report on Friday, July 10th. Wall Street Zen cut shares of ASML from a "buy" rating to a "hold" rating in a research note on Saturday. Argus set a $2,100.00 target price on shares of ASML in a report on Thursday, July 16th. Wells Fargo & Company raised their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, June 1st. Four 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 assigned a Sell rating to the company. According to MarketBeat, ASML presently has an average rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML 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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