Monetta Financial Services Inc. Purchases Shares of 800 ASML Holding N.V. $ASML

Key Points

• Monetta Financial Services purchased 800 ASML shares worth approximately $1.59 million, making the semiconductor equipment maker 1.1% of its portfolio and its 28th-largest holding.
• ASML reported quarterly revenue of $10.64 billion and EPS of $8.65, while maintaining strong profitability with a 30.11% net margin and 52.71% return on equity.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $1,970.33; ASML’s stock recently traded at $1,751.73.

Monetta Financial Services Inc. acquired a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 800 shares of the semiconductor company's stock, valued at approximately $1,592,000. ASML makes up approximately 1.1% of Monetta Financial Services Inc.'s holdings, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASML. Cornerstone Financial Management LLC acquired a new position in ASML in the fourth quarter worth about $26,000. Binnacle Investments Inc boosted its holdings in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV boosted its holdings in ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML in the 4th quarter valued at approximately $30,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

ASML stock opened at $1,751.73 on Thursday. The stock has a 50-day simple moving average of $1,785.18 and a 200 day simple moving average of $1,576.01. The stock has a market capitalization of $688.92 billion, a price-to-earnings ratio of 54.50, a P/E/G ratio of 0.89 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12-month low of $716.20 and a 12-month high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, research analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business 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 of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML's payout ratio is presently 22.62%.

Analyst Upgrades and Downgrades

ASML has been the subject of several analyst reports. Citigroup restated a "buy" rating on shares of ASML in a research report on Friday, July 17th. Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research note on Tuesday, July 7th. Bank of America lifted their price objective on ASML from $2,268.00 to $2,345.00 and gave the company a "buy" rating in a report on Monday, June 22nd. JPMorgan Chase & Co. upped their target price on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, DZ Bank upgraded shares of ASML from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Company Profile

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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