Contravisory Investment Management Inc. Purchases 5,605 Shares of ASML Holding N.V. $ASML

Key Points

• Contravisory Investment Management increased its ASML position by 5,605 shares, ending the second quarter with 5,614 shares worth approximately $11.17 million. ASML represented about 2% of its portfolio.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, with a 30.11% net margin and 52.71% return on equity.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33, despite ratings ranging from sell to strong buy.

Contravisory Investment Management Inc. grew its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 62,277.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,614 shares of the semiconductor company's stock after buying an additional 5,605 shares during the period. ASML accounts for approximately 2.0% of Contravisory Investment Management Inc.'s investment portfolio, making the stock its 10th largest holding. Contravisory Investment Management Inc.'s holdings in ASML were worth $11,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capstone Wealth Management Group LLC lifted its stake in shares of ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company's stock valued at $1,664,000 after acquiring an additional 124 shares during the period. AQR Capital Management LLC increased its position in ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company's stock worth $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company's stock worth $11,404,000 after purchasing an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company's stock worth $936,000 after purchasing an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company's stock valued at $9,122,000 after purchasing an additional 559 shares during the period. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,740.99 on Monday. The company has a 50 day moving average price of $1,770.13 and a two-hundred day moving average price of $1,553.08. 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 $684.70 billion, a PE ratio of 54.17, a PEG ratio of 0.87 and a beta of 1.79. ASML Holding N.V. has a 52 week low of $710.45 and a 52 week high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly 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 company had revenue of $10.64 billion for the quarter. Analysts forecast that ASML Holding N.V. will post 44.79 earnings per share for the current 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 given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML's dividend payout ratio (DPR) is currently 22.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morningstar cut shares of ASML to a "sell" rating in a research report on Wednesday, May 27th. Morgan Stanley restated an "overweight" rating on shares of ASML in a report on Tuesday, July 7th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, June 1st. DZ Bank upgraded shares of ASML from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada increased their price target on ASML from $1,700.00 to $2,000.00 and gave the company an "outperform" rating in a research note on Tuesday, July 14th. 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 data from MarketBeat, the stock currently 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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