Concurrent Investment Advisors LLC Raises Position in ASML Holding N.V. $ASML

Key Points

• Concurrent Investment Advisors increased its ASML position by 19.1% in the second quarter, owning 8,581 shares valued at approximately $17.1 million. Other major institutional investors also added shares, with institutions and hedge funds holding 26.07% of ASML.
• ASML reported quarterly revenue of $10.62 billion and earnings of $8.65 per share, with a 30.11% net margin and 52.71% return on equity. The company also paid a quarterly dividend of $2.1507, equivalent to a 0.5% annualized yield.
• Wall Street remains broadly positive: ASML has a “Moderate Buy” consensus rating and an average price target of $1,970.33, compared with a recent share price of $1,714.88.

Concurrent Investment Advisors LLC grew its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 19.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,581 shares of the semiconductor company's stock after acquiring an additional 1,376 shares during the period. Concurrent Investment Advisors LLC's holdings in ASML were worth $17,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of ASML. Fisher Asset Management LLC increased its stake in shares of ASML by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company's stock worth $4,798,268,000 after buying an additional 132,353 shares during the period. Van ECK Associates Corp grew its holdings in ASML by 31.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock worth $4,892,869,000 after acquiring an additional 592,125 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock worth $2,168,227,000 after purchasing an additional 96,860 shares in the last quarter. Bank of America Corp DE boosted its position in shares of ASML by 1.2% during the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company's stock worth $2,060,833,000 after acquiring an additional 19,051 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased 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 valued at $1,633,046,000 after purchasing an additional 193,068 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Up 4.2%

NASDAQ ASML opened at $1,714.88 on Friday. The firm's fifty day moving average is $1,751.00 and its two-hundred day moving average is $1,600.83. ASML Holding N.V. has a one year low of $766.24 and a one year 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 firm has a market cap of $674.43 billion, a PE ratio of 53.36, a P/E/G ratio of 0.81 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 net margin of 30.11% and a return on equity of 52.71%. The business had revenue of $10.62 billion during the quarter. Analysts expect that ASML Holding N.V. will post 44.99 earnings per share 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. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML's dividend payout ratio (DPR) is 22.62%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of ASML from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Bank of America boosted their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. The Goldman Sachs Group restated a "buy" rating on shares of ASML in a research note on Thursday, June 11th. Argus set a $2,100.00 price objective on ASML in a report on Thursday, July 16th. Finally, Berenberg Bank reiterated a "buy" rating on shares of ASML in a research report on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Company Profile

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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