New Paradigm Capital Management LLC Decreases Position in ASML Holding N.V. $ASML

Key Points

• New Paradigm Capital Management reduced its ASML position by 83.3% in the second quarter, selling 1,000 shares and retaining 200 shares worth approximately $398,000.
• ASML reported quarterly revenue of $10.64 billion and earnings per share of $8.65, while its shares opened at $1,844.45 and remained near their 12-month high.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33; ASML also paid a quarterly dividend of $2.1507 per share.

New Paradigm Capital Management LLC trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 83.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200 shares of the semiconductor company's stock after selling 1,000 shares during the quarter. ASML comprises approximately 0.9% of New Paradigm Capital Management LLC's portfolio, making the stock its 19th biggest position. New Paradigm Capital Management LLC's holdings in ASML were worth $398,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Financial Management LLC purchased a new stake in shares of ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock valued at $27,000 after buying an additional 15 shares in the last quarter. Resources Management Corp CT ADV grew its position in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock valued at $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its position 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 buying an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in ASML during the 4th quarter worth $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of ASML stock opened at $1,844.45 on Friday. The firm's fifty day simple moving average is $1,781.65 and its 200-day simple moving average is $1,567.15. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The stock has a market capitalization of $725.39 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

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

ASML Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup reissued a "buy" rating on shares of ASML in a research report on Friday, July 17th. Berenberg Bank reiterated a "buy" rating on shares of ASML in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. DZ Bank raised ASML from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Finally, Sanford C. Bernstein upped their target price on ASML from $1,971.00 to $2,623.00 and gave the company an "outperform" rating in a research report on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,970.33.

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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