Russell Investments Group Ltd. Sells 2,357 Shares of ASML Holding N.V. $ASML

Key Points

• Russell Investments reduced its ASML position by 3.7%, selling 2,357 shares during the second quarter. It still held 61,686 shares valued at approximately $121.3 million, while institutional investors collectively owned 26.07% of the company.
• ASML shares opened at $1,883.12, up 2.1%, with a market capitalization of roughly $740.6 billion. The company reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, while analysts expect $44.85 in full-year EPS.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,970.33. ASML paid a quarterly dividend of $2.1507 per share, equivalent to an annualized yield of about 0.5%.

Russell Investments Group Ltd. cut its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,686 shares of the semiconductor company's stock after selling 2,357 shares during the quarter. Russell Investments Group Ltd.'s holdings in ASML were worth $121,307,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the fourth quarter worth approximately $26,000. Portus Wealth Advisors LLC purchased a new stake in shares of ASML in the 1st quarter valued at $32,000. Resources Management Corp CT ADV boosted its stake 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 purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of 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 purchasing 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 valued at $30,000. Institutional investors own 26.07% of the company's stock.

ASML Stock Up 2.1%

Shares of ASML stock opened at $1,883.12 on Tuesday. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The firm 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 company has a 50-day moving average of $1,784.33 and a 200 day moving average of $1,571.25. 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 posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML's dividend payout ratio is currently 22.62%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ASML. Morningstar downgraded ASML to a "sell" rating in a report on Wednesday, May 27th. Royal Bank Of Canada increased their target price on ASML from $1,700.00 to $2,000.00 and gave the company an "outperform" rating in a report on Tuesday, July 14th. Jefferies Financial Group restated a "neutral" rating on shares of ASML in a research report on Monday, June 1st. Wells Fargo & Company lifted their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their price objective on ASML from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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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