BTG Pactual Asset Management US LLC Purchases 690 Shares of ASML Holding N.V. $ASML

Key Points

• BTG Pactual Asset Management US LLC nearly doubled its ASML stake in the second quarter, purchasing 690 additional shares for a total of 1,415 shares valued at approximately $2.82 million.
• Other institutional investors also increased exposure or initiated positions, including Moore Capital, GTS Securities and Alyeska Investment Group; institutional investors collectively own 26.07% of ASML.
• ASML reported quarterly revenue of $10.62 billion and EPS of $8.65. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,970.33, compared with the stock’s recent price of $1,696.16.

BTG Pactual Asset Management US LLC boosted its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 95.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,415 shares of the semiconductor company's stock after purchasing an additional 690 shares during the period. BTG Pactual Asset Management US LLC's holdings in ASML were worth $2,815,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. ICONIQ Capital LLC bought a new stake in ASML during the 2nd quarter worth approximately $762,000. Moore Capital Management LP boosted its stake in ASML by 82.8% in the second quarter. Moore Capital Management LP now owns 2,000 shares of the semiconductor company's stock worth $3,979,000 after purchasing an additional 906 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of ASML by 0.4% during the second quarter. Benjamin Edwards Inc. now owns 9,497 shares of the semiconductor company's stock worth $18,899,000 after purchasing an additional 40 shares during the last quarter. GTS Securities LLC increased its stake in shares of ASML by 61.7% in the second quarter. GTS Securities LLC now owns 540 shares of the semiconductor company's stock valued at $1,074,000 after buying an additional 206 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of ASML in the second quarter valued at about $76,462,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

Shares of ASML stock opened at $1,696.16 on Monday. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96. The stock has a market cap of $667.07 billion, a PE ratio of 52.77, a PEG ratio of 0.84 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm's 50 day moving average price is $1,764.95 and its two-hundred day moving average price is $1,592.80.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, analysts forecast that ASML Holding N.V. will post 44.99 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML's dividend payout ratio is presently 22.62%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ASML. Susquehanna reissued a "positive" rating on shares of ASML in a report on Tuesday, June 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of ASML in a research report on Thursday, June 11th. Zacks Research lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a report on Friday, July 3rd. Argus set a $2,100.00 price objective on shares of ASML in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada upped their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

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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