Procyon Advisors LLC Cuts Stock Holdings in ASML Holding N.V. $ASML

Key Points

• Procyon Advisors LLC decreased its holdings in ASML Holding N.V. by 46.3%, owning 497 shares valued at approximately $398,000 after selling 429 shares during Q2.
• ASML's stock price increased by 6.4%, closing at $927.80, with significant market metrics including a P/E ratio of 38.72 and a market cap of $365.02 billion.
• Recently, ASML reported quarterly earnings missing analysts' expectations with an EPS of $4.55, but its revenue rose by 23.2% year-over-year to $8.94 billion.

Procyon Advisors LLC reduced its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 46.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497 shares of the semiconductor company's stock after selling 429 shares during the quarter. Procyon Advisors LLC's holdings in ASML were worth $398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in ASML by 70,115.5% during the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after acquiring an additional 1,398,805 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in shares of ASML in the first quarter worth $360,262,000. Invesco Ltd. grew its position in shares of ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock valued at $484,562,000 after purchasing an additional 367,505 shares in the last quarter. Amundi raised its stake in shares of ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company's stock valued at $403,215,000 after purchasing an additional 307,214 shares during the period. Finally, First Manhattan CO. LLC. raised its stake in shares of ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company's stock valued at $469,183,000 after purchasing an additional 268,172 shares during the period. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ASML. Wells Fargo & Company raised their target price on ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Morningstar downgraded shares of ASML to a "hold" rating in a report on Thursday. Morgan Stanley upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a research report on Monday. Sanford C. Bernstein started coverage on shares of ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 target price on the stock. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of ASML in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Price Performance

NASDAQ ASML traded up $25.65 during trading hours on Monday, reaching $957.80. 1,883,223 shares of the stock traded hands, compared to its average volume of 1,494,393. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $762.69 and a two-hundred day simple moving average of $736.58. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $964.54. The company has a market cap of $376.82 billion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 1.57 and a beta of 1.80.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The firm had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%.ASML's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 earnings per share. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were paid a dividend of $1.856 per share. This represents a $7.42 annualized dividend and a dividend yield of 0.8%. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Tuesday, July 29th. ASML's payout ratio is 26.21%.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.