Deepwater Asset Management LLC Sells 3,747 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Deepwater Asset Management LLC reduced its stake in ASML Holding N.V. by 16.6%, holding 18,878 shares valued at approximately $12.51 million after selling 3,747 shares during the first quarter.
• ASML reported a missed earnings estimate for the last quarter, with earnings per share at $4.55, falling short of the $5.94 consensus, despite a 23.2% year-over-year revenue growth.
• The company recently increased its quarterly dividend to $1.856 per share, representing an annual yield of 1.0% and a payout ratio of 26.21%.

Deepwater Asset Management LLC cut its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 16.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,878 shares of the semiconductor company's stock after selling 3,747 shares during the quarter. ASML accounts for about 5.3% of Deepwater Asset Management LLC's investment portfolio, making the stock its 10th largest holding. Deepwater Asset Management LLC's holdings in ASML were worth $12,509,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC increased its holdings in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 29 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of ASML during the first quarter valued at $27,000. Wayfinding Financial LLC acquired a new position in shares of ASML during the first quarter valued at $35,000. Pinnacle Bancorp Inc. acquired a new position in shares of ASML during the first quarter valued at $42,000. Finally, Olde Wealth Management LLC acquired a new position in shares of ASML during the first quarter valued at $42,000. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Down 1.7%

NASDAQ ASML traded down $13.05 during trading on Friday, reaching $742.16. 1,633,912 shares of the company's stock were exchanged, compared to its average volume of 1,967,466. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $945.05. The firm has a market capitalization of $291.98 billion, a PE ratio of 30.97, a P/E/G ratio of 1.53 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The company's fifty day simple moving average is $757.89 and its 200-day simple moving average is $725.48.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data 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 return on equity of 49.47% and a net margin of 26.95%. The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the business posted $4.01 earnings per share. The company's revenue was up 23.2% compared to the same quarter last year. Sell-side analysts predict that ASML Holding N.V. will post 25.17 EPS for the current 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 represents a $7.42 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is 26.21%.

Analyst Ratings Changes

ASML has been the topic of a number of research analyst reports. Barclays reaffirmed an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Sanford C. Bernstein began coverage on ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 target price on the stock. DZ Bank lowered ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, New Street Research upgraded ASML from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $923.80.

ASML Profile

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.