Bayforest Capital Ltd Lowers Holdings in ASML Holding N.V. $ASML

Key Points

• Bayforest Capital Ltd significantly reduced its holdings in ASML Holding N.V. by 81.1% during the second quarter, owning only 93 shares valued at $75,000 following the sale of 400 shares.
• ASML reported earnings of $6.41 per share, surpassing analysts' expectations of $6.27, and generated revenue of $8.71 billion, slightly below the anticipated $8.99 billion.
• ASML announced an increase in its quarterly dividend to $1.857, reflecting positive growth in its dividend payout ratio, currently at 25.56%.

Bayforest Capital Ltd lessened its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 81.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93 shares of the semiconductor company's stock after selling 400 shares during the period. Bayforest Capital Ltd's holdings in ASML were worth $75,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ASML. Putney Financial Group LLC raised its position in shares of ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares in the last quarter. Maseco LLP bought a new stake in ASML in the 2nd quarter worth approximately $32,000. Banque Cantonale Vaudoise purchased a new position in shares of ASML during the first quarter worth approximately $27,000. Costello Asset Management INC grew its position in ASML by 147.1% during the 2nd quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Finally, PARK CIRCLE Co increased its position in shares of ASML by 80.0% in the second quarter. PARK CIRCLE Co now owns 45 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 20 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

ASML stock opened at $1,029.27 on Friday. The firm has a market capitalization of $404.79 billion, a P/E ratio of 41.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,059.00. The company has a fifty day simple moving average of $864.28 and a two-hundred day simple moving average of $773.30. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts' consensus estimates of $6.27 by $0.14. The business had revenue of $8.71 billion for the quarter, compared to analysts' expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.28 earnings per share. Analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be issued a $1.857 dividend. The ex-dividend date is Wednesday, October 29th. This is a positive change from ASML's previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. ASML's dividend payout ratio (DPR) is presently 25.56%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASML. Barclays restated an "overweight" rating on shares of ASML in a report on Tuesday, September 30th. The Goldman Sachs Group restated a "buy" rating on shares of ASML in a report on Friday, October 10th. New Street Research reiterated a "neutral" rating on shares of ASML in a research note on Monday, October 6th. Evercore ISI reiterated an "outperform" rating on shares of ASML in a research note on Thursday. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of ASML in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,051.60.

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.

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