First Manhattan CO. LLC. Buys 268,172 Shares of ASML Holding N.V. $ASML

Key Points

• First Manhattan CO. LLC. increased its stake in ASML Holding N.V. by 61.0% during Q1, acquiring an additional 268,172 shares to own a total of 708,062 shares.
• ASML reported a quarterly earnings per share (EPS) of $4.55, missing analysts' expectations of $5.94, despite a year-over-year revenue growth of 23.2%.
• The company announced a quarterly dividend of $1.856, marking an increase from its previous dividend of $1.64, with a dividend yield of 1.0%.

First Manhattan CO. LLC. lifted its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 61.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 708,062 shares of the semiconductor company's stock after purchasing an additional 268,172 shares during the quarter. ASML accounts for 1.4% of First Manhattan CO. LLC.'s portfolio, making the stock its 12th largest position. First Manhattan CO. LLC. owned about 0.18% of ASML worth $469,183,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ASML. GW Henssler & Associates Ltd. raised its position in shares of ASML by 21.7% in the first quarter. GW Henssler & Associates Ltd. now owns 13,886 shares of the semiconductor company's stock valued at $9,202,000 after purchasing an additional 2,477 shares during the period. Focus Partners Advisor Solutions LLC raised its position in ASML by 15.9% in the first quarter. Focus Partners Advisor Solutions LLC now owns 1,251 shares of the semiconductor company's stock worth $829,000 after purchasing an additional 172 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of ASML in the 1st quarter valued at $521,000. FRG Family Wealth Advisors LLC grew its holdings in ASML by 7.1% during the 1st quarter. FRG Family Wealth Advisors LLC now owns 531 shares of the semiconductor company's stock worth $352,000 after acquiring an additional 35 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of ASML by 16.7% in the 1st quarter. Baird Financial Group Inc. now owns 135,140 shares of the semiconductor company's stock valued at $89,548,000 after buying an additional 19,349 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

ASML has been the topic of several recent analyst reports. Barclays reissued an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. DZ Bank downgraded ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Sanford C. Bernstein started coverage on ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target for the company. Finally, Wells Fargo & Company raised their price target on ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, ASML currently has an average rating of "Moderate Buy" and an average target price of $923.80.

ASML Stock Performance

Shares of ASML stock traded up $10.97 during trading on Wednesday, hitting $736.82. The company's stock had a trading volume of 1,329,234 shares, compared to its average volume of 1,206,724. The company has a market cap of $289.88 billion, a PE ratio of 30.75, a P/E/G ratio of 1.51 and a beta of 1.80. The business has a fifty day moving average of $751.86 and a 200-day moving average of $726.01. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $873.65.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($1.39). The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. ASML's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 EPS. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were paid a $1.856 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 1.0%. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is currently 26.21%.

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.