Old West Investment Management LLC Has $21.88 Million Stake in ASML Holding N.V. $ASML

Key Points

• Old West Investment Management reduced its ASML position by 12.3% in the second quarter, selling 1,543 shares and retaining 11,000 shares valued at approximately $21.88 million. ASML remains the firm’s ninth-largest holding, representing 2.3% of its portfolio.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, with a 30.11% net margin. Analysts expect the company to deliver $44.85 in full-year EPS.
• The stock opened at $1,883.12, near its 52-week high, while analysts maintained an overall “Moderate Buy” rating and an average price target of $1,970.33. ASML also declared an annualized dividend of $8.60, yielding about 0.5%.

Old West Investment Management LLC trimmed its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,000 shares of the semiconductor company's stock after selling 1,543 shares during the quarter. ASML accounts for 2.3% of Old West Investment Management LLC's holdings, making the stock its 9th largest holding. Old West Investment Management LLC's holdings in ASML were worth $21,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new stake in ASML in the fourth quarter worth about $26,000. Portus Wealth Advisors LLC bought a new position in ASML in the first quarter worth about $32,000. 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 worth $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 worth $29,000 after buying an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new position in shares of ASML during the 4th quarter worth approximately $30,000. Institutional investors own 26.07% of the company's stock.

ASML Stock Performance

Shares of ASML opened at $1,883.12 on Tuesday. The stock has a 50-day moving average of $1,784.33 and a two-hundred day moving average of $1,571.25. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a market cap of $740.59 billion, a P/E ratio of 58.59, a P/E/G ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.64 billion for the quarter. As a group, research 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. Investors of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML's dividend payout ratio is 22.62%.

Analysts Set New Price Targets

ASML has been the subject of a number of analyst reports. Berenberg Bank reissued a "buy" rating on shares of ASML in a research report on Friday, May 8th. UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a report on Friday, July 10th. The Goldman Sachs Group restated a "buy" rating on shares of ASML in a research note on Thursday, June 11th. 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 investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, ASML 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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