CenterBook Partners LP Has $15.19 Million Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• CenterBook Partners LP reduced its holdings in ASML Holding N.V. by 7.9% during the first quarter, ending with 22,923 shares valued at approximately $15.19 million.
• ASML reported earnings of $4.55 per share for the quarter, which missed expectations by $1.39, although its revenue increased by 23.2% year-over-year, totaling $8.94 billion.
• The company declared a quarterly dividend of $1.856 per share, marking an increase from the previous dividend and reflecting a 1.1% yield on an annualized basis.

CenterBook Partners LP trimmed its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 22,923 shares of the semiconductor company's stock after selling 1,953 shares during the period. ASML makes up about 1.0% of CenterBook Partners LP's investment portfolio, making the stock its 16th biggest position. CenterBook Partners LP's holdings in ASML were worth $15,189,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of ASML by 70,115.5% during the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock worth $9,282,120,000 after buying an additional 1,398,805 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in ASML by 26.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company's stock worth $631,079,000 after purchasing an additional 199,740 shares during the last quarter. First Manhattan CO. LLC. lifted its position in ASML by 59.4% during the 4th quarter. First Manhattan CO. LLC. now owns 439,890 shares of the semiconductor company's stock valued at $307,374,000 after purchasing an additional 163,945 shares during the period. Hyperion Asset Management Ltd boosted its stake in ASML by 63.9% in the fourth quarter. Hyperion Asset Management Ltd now owns 297,882 shares of the semiconductor company's stock valued at $206,456,000 after acquiring an additional 116,121 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of ASML by 29.0% in the 1st quarter. Brown Advisory Inc. now owns 440,728 shares of the semiconductor company's stock worth $292,040,000 after purchasing an additional 99,199 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Erste Group Bank reaffirmed a "hold" rating on shares of ASML in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Performance

ASML stock traded up $22.16 during midday trading on Thursday, hitting $713.12. The company's stock had a trading volume of 1,721,976 shares, compared to its average volume of 2,560,348. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $945.05. The company has a 50-day moving average price of $758.52 and a two-hundred day moving average price of $725.09. The company has a market cap of $280.56 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.40 and a beta of 1.76.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the firm earned $4.01 EPS. As a group, sell-side analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were paid a $1.856 dividend. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is 26.21%.

ASML Company Profile

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.