Global Retirement Partners LLC Acquires New Shares in ASML Holding N.V. $ASML

Key Points

• Global Retirement Partners LLC acquired 4,418 ASML shares in the second quarter, valued at approximately $8.8 million. Institutional investors and hedge funds collectively own 26.07% of the company.
• Analyst sentiment remains positive, with ASML receiving a consensus “Moderate Buy” rating and an average price target of $1,970.33; Royal Bank of Canada recently raised its target to $2,000.
• ASML reported quarterly EPS of $8.65 on $10.64 billion in revenue, with a 30.11% net margin. The company also declared an annualized dividend of $8.60 per share, yielding approximately 0.5%.

Global Retirement Partners LLC bought a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,418 shares of the semiconductor company's stock, valued at approximately $8,789,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its position in shares of ASML by 195.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company's stock worth $1,652,618,000 after purchasing an additional 1,022,532 shares during the last quarter. Sei Investments Co. raised its holdings in ASML by 223.7% in the 1st quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company's stock valued at $379,368,000 after buying an additional 198,505 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 buying an additional 193,068 shares during the last quarter. Invesco Ltd. boosted its stake in ASML by 21.3% during the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company's stock worth $822,492,000 after buying an additional 148,948 shares during the period. Finally, Sands Capital Management LLC boosted its stake in ASML by 26.6% during the fourth quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company's stock worth $716,790,000 after buying an additional 140,821 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morningstar downgraded shares of ASML to a "sell" rating in a research note on Wednesday, May 27th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a research report on Monday, June 1st. Citigroup reiterated a "buy" rating on shares of ASML in a report on Friday, July 17th. Barclays reissued an "overweight" rating on shares of ASML in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada upped their price target on ASML from $1,700.00 to $2,000.00 and gave the stock 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 issued a Sell rating to the company. According to MarketBeat.com, ASML presently has a consensus rating of "Moderate Buy" and an average price target of $1,970.33.

ASML Stock Up 2.1%

Shares of NASDAQ:ASML opened at $1,883.12 on Tuesday. The firm has a market capitalization of $740.59 billion, a PE ratio of 58.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The firm's 50-day moving average is $1,784.33 and its two-hundred day moving average is $1,571.25.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The business had revenue of $10.64 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Analysts predict that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML's payout ratio is 22.62%.

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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