Somerville Kurt F Invests $3.94 Million in ASML Holding N.V. $ASML

Key Points

• Somerville Kurt F initiated a $3.94 million position in ASML during the second quarter by purchasing 2,010 shares. Institutional investors collectively own 26.07% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,970.33; several firms recently raised their targets, though Wall Street Zen downgraded the stock to “Hold.”
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, with a 30.11% net margin. The company paid a quarterly dividend of $2.1507, equal to a 0.5% annualized yield.

Somerville Kurt F bought a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,010 shares of the semiconductor company's stock, valued at approximately $3,942,000.

A number of other large investors also recently made changes to their positions in the company. Boston Common Asset Management LLC bought a new stake in shares of ASML during the 1st quarter worth $4,355,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company's stock worth $24,036,000 after buying an additional 760 shares during the last quarter. Keudell Morrison Wealth Management bought a new position in ASML during the fourth quarter valued at about $1,402,000. Keybank National Association OH increased its holdings in ASML by 21.3% during the fourth quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company's stock worth $69,920,000 after buying an additional 11,459 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in ASML by 507.0% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company's stock valued at $2,883,000 after acquiring an additional 2,251 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a "buy" rating on shares of ASML in a research note on Thursday, June 11th. Wall Street Zen downgraded ASML from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Royal Bank Of Canada boosted their target price on ASML from $1,700.00 to $2,000.00 and gave the company an "outperform" rating in a research note on Tuesday, July 14th. Sanford C. Bernstein upped their price target 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. Finally, JPMorgan Chase & Co. increased their price target on ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,970.33.

ASML Stock Performance

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

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data 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 business had revenue of $10.64 billion during the quarter. On average, sell-side analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

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

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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