Choreo LLC Sells 631 Shares of ASML Holding N.V. $ASML

Key Points

• Choreo LLC reduced its ASML stake by 6.5% in the second quarter, selling 631 shares and retaining 9,004 shares valued at approximately $17.9 million.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, while analysts project full-year earnings of $44.85 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,970.33; ASML also pays an annualized dividend of $8.60 per share.

Choreo LLC lowered its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,004 shares of the semiconductor company's stock after selling 631 shares during the period. Choreo LLC's holdings in ASML were worth $17,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC bought a new stake in ASML in the fourth quarter worth $26,000. Portus Wealth Advisors LLC purchased a new stake in shares of ASML in the first quarter worth $32,000. Resources Management Corp CT ADV increased its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in shares of ASML in the 4th quarter worth about $30,000. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

NASDAQ ASML opened at $1,844.45 on Friday. The business's fifty day moving average is $1,781.65 and its 200 day moving average is $1,567.15. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. 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 company has a market capitalization of $725.39 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.64 billion during the quarter. Sell-side analysts predict that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders 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 yield of 0.5%. ASML's dividend payout ratio (DPR) is presently 22.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ASML shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a research note on Friday, July 10th. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Friday, July 17th. Sanford C. Bernstein increased their price target on shares of ASML from $1,971.00 to $2,623.00 and gave the company an "outperform" rating in a report on Monday, July 6th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ASML in a research report on Thursday, June 11th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research note on Tuesday, July 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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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