Cullinan Associates Inc. Purchases New Stake in ASML Holding N.V. $ASML

Key Points

• Cullinan Associates Inc. has purchased a new stake in ASML Holding N.V., acquiring 300 shares valued at approximately $240,000 during the second quarter.
• ASML reported a net margin of 26.95% and a 23.2% year-over-year revenue increase, having achieved $8.94 billion for the quarter.
• The company has increased its quarterly dividend to $1.856 per share, reflecting a commitment to returning value to shareholders with a payout ratio of 26.21%.

Cullinan Associates Inc. purchased a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 300 shares of the semiconductor company's stock, valued at approximately $240,000.

A number of other large investors have also added to or reduced their stakes in ASML. T. Rowe Price Investment Management Inc. bought a new stake in ASML in the 1st quarter valued at $360,262,000. Invesco Ltd. raised its stake in ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock valued at $484,562,000 after acquiring an additional 367,505 shares during the period. Amundi raised its stake in ASML by 91.6% in the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company's stock valued at $403,215,000 after acquiring an additional 307,214 shares during the period. First Manhattan CO. LLC. raised its stake in ASML by 61.0% in the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company's stock valued at $469,183,000 after acquiring an additional 268,172 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in ASML by 26.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company's stock valued at $631,079,000 after acquiring an additional 199,740 shares during the period. Institutional investors own 26.07% of the company's stock.

ASML Stock Performance

NASDAQ:ASML opened at $1,032.22 on Monday. The stock's 50-day simple moving average is $806.14 and its 200 day simple moving average is $753.31. The firm has a market capitalization of $406.10 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.74 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,040.23.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS 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 firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the business posted $4.01 earnings per share. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were paid a $1.856 dividend. This is an increase from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, July 29th. ASML's payout ratio is presently 26.21%.

Analysts Set New Price Targets

ASML has been the topic of a number of research analyst reports. DZ Bank restated a "neutral" rating on shares of ASML in a research note on Thursday, September 25th. Morgan Stanley upgraded ASML from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 22nd. Morningstar cut ASML to a "hold" rating in a research report on Thursday, September 18th. Jefferies Financial Group cut ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, Barclays reiterated an "overweight" rating on shares of ASML in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $923.80.

About ASML

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.

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