Private Advisory Group LLC Has $23.06 Million Stake in ASML Holding N.V. $ASML

Key Points

• Private Advisory Group LLC reduced its ASML stake by 14.7% in the second quarter, selling 2,004 shares and retaining 11,592 shares valued at approximately $23.06 million. ASML represents 1.2% of the firm’s portfolio.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $1,970.33; 25 of 32 analysts rate the stock Buy or Strong Buy.
• ASML shares opened at $1,883.12, while the company reported quarterly earnings of $8.65 per share on $10.64 billion in revenue. Its latest quarterly dividend was $2.1507 per share, implying a 0.5% annualized yield.

Private Advisory Group LLC lowered its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 14.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,592 shares of the semiconductor company's stock after selling 2,004 shares during the period. ASML makes up 1.2% of Private Advisory Group LLC's portfolio, making the stock its 23rd biggest position. Private Advisory Group LLC's holdings in ASML were worth $23,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC acquired a new position in ASML during the fourth quarter valued at $26,000. Binnacle Investments Inc boosted its position in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 15 shares during the period. Resources Management Corp CT ADV boosted its position in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 23 shares during the period. North Star Investment Management Corp. grew its stake in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group reissued a "buy" rating on shares of ASML in a research report on Wednesday, July 1st. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Friday, July 17th. Argus set a $2,100.00 target price on shares of ASML in a research report on Thursday, July 16th. Royal Bank Of Canada lifted their target price on shares of ASML from $1,700.00 to $2,000.00 and gave the company an "outperform" rating in a research note on Tuesday, July 14th. Finally, Berenberg Bank restated a "buy" rating on shares of ASML in a report on Friday, May 8th. Four 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Trading Up 2.1%

Shares of NASDAQ ASML opened at $1,883.12 on Tuesday. The stock has a market cap of $740.59 billion, a price-to-earnings ratio of 58.59, a PEG ratio of 0.92 and a beta of 1.79. The business has a 50 day simple moving average of $1,784.33 and a 200 day simple moving average of $1,571.25. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week 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.

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

ASML Cuts Dividend

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

ASML 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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