Bowie Capital Management LLC Sells 6,138 Shares of ASML Holding N.V. $ASML

Key Points

• Bowie Capital Management LLC has reduced its stake in ASML Holding N.V. by 4.2%, resulting in ownership of 139,800 shares valued at approximately $92.6 million.
• ASML recently declared a quarterly dividend of $1.856, up from the previous $1.64, reflecting a dividend yield of 1.0%.
• The semiconductor company reported quarterly earnings of $4.55 per share, missing expectations but saw revenue increase by 23.2% year-over-year to $8.94 billion.

Bowie Capital Management LLC cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,800 shares of the semiconductor company's stock after selling 6,138 shares during the quarter. ASML makes up 4.3% of Bowie Capital Management LLC's portfolio, making the stock its 11th largest holding. Bowie Capital Management LLC's holdings in ASML were worth $92,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC raised its stake in shares of ASML by 12.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 44 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of ASML by 12.7% during the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after acquiring an additional 947 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of ASML by 1.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company's stock valued at $2,304,000 after acquiring an additional 55 shares during the last quarter. Lyell Wealth Management LP increased its holdings in shares of ASML by 2.4% during the 1st quarter. Lyell Wealth Management LP now owns 19,483 shares of the semiconductor company's stock valued at $12,910,000 after acquiring an additional 459 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in ASML by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock valued at $22,806,000 after buying an additional 763 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ASML. Barclays reaffirmed an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Erste Group Bank restated a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein assumed coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective for the company. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Performance

Shares of ASML stock traded up $5.39 on Monday, hitting $747.55. The stock had a trading volume of 1,085,628 shares, compared to its average volume of 1,920,859. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05. The business's 50 day moving average is $757.43 and its two-hundred day moving average is $725.55. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The stock has a market cap of $294.10 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.76.

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

ASML Increases Dividend

The business 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 is an increase from ASML's previous quarterly dividend of $1.64. The ex-dividend date was Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 1.0%. ASML's dividend payout ratio (DPR) is presently 26.21%.

ASML 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.