Bornite Capital Management LP Acquires New Shares in ASML Holding N.V. $ASML

Key Points

• Bornite Capital Management acquired 25,000 ASML shares worth approximately $49.7 million, making ASML its seventh-largest holding and representing 6.3% of its portfolio. Other institutional investors also increased their positions, with institutions collectively owning 26.07% of the company.
• Analysts maintain a broadly positive view of ASML, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33; Bank of America raised its target to $2,345.
• ASML reported quarterly revenue of $10.62 billion and earnings of $8.65 per share, while its shares recently opened at $1,665.14. The company also declared an annualized dividend of $8.60 per share, yielding 0.5%.

Bornite Capital Management LP acquired a new position in ASML Holding N.V. (NASDAQ:ASML - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the semiconductor company's stock, valued at approximately $49,736,000. ASML accounts for about 6.3% of Bornite Capital Management LP's portfolio, making the stock its 7th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of ASML by 3.0% in the 4th 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. Van ECK Associates Corp increased its holdings in ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock valued at $4,892,869,000 after buying an additional 592,125 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock valued at $2,168,227,000 after buying an additional 96,860 shares during the period. Bank of America Corp DE raised its stake in 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 worth $2,060,833,000 after buying an additional 19,051 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in 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 worth $1,633,046,000 after buying an additional 193,068 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analysts Set New Price Targets

ASML has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a research report on Monday, June 1st. Citigroup reissued a "buy" rating on shares of ASML in a research report on Friday, July 17th. Bank of America raised their price objective on ASML from $2,268.00 to $2,345.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Barclays reiterated an "overweight" rating on shares of ASML in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of ASML in a report on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, ASML presently has a consensus rating of "Moderate Buy" and an average price target of $1,970.33.

ASML Stock Performance

Shares of ASML stock opened at $1,665.14 on Wednesday. ASML Holding N.V. has a 12-month low of $716.20 and a 12-month high of $1,999.96. The business's fifty day simple moving average is $1,758.02 and its 200-day simple moving average is $1,596.40. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The company has a market cap of $654.87 billion, a PE ratio of 51.81, a PEG ratio of 0.84 and a beta of 1.79.

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 firm had revenue of $10.62 billion for the quarter. 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 declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML's payout ratio is presently 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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