Steadview Capital Management LLC Makes New Investment in ASML Holding N.V. $ASML

Key Points

• Steadview Capital Management acquired 10,837 ASML shares worth approximately $21.56 million, making ASML about 6.5% of its portfolio and its seventh-largest holding.
• Other institutional investors also increased their ASML exposure during the second quarter, with hedge funds and institutions collectively owning 26.07% of the company.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,970.33, while the company’s annualized dividend yield is 0.5%.

Steadview Capital Management LLC acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,837 shares of the semiconductor company's stock, valued at approximately $21,560,000. ASML comprises about 6.5% of Steadview Capital Management LLC's investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASML. Chilton Capital Management LLC increased its stake in ASML by 2.5% in the second quarter. Chilton Capital Management LLC now owns 21,579 shares of the semiconductor company's stock valued at $42,930,000 after purchasing an additional 530 shares during the last quarter. Suncoast Equity Management acquired a new stake in ASML in the 2nd quarter worth about $15,776,000. Symphony Financial Ltd. Co. acquired a new stake in ASML in the 2nd quarter worth about $342,000. DSM Capital Partners LLC grew its holdings in ASML by 35.6% in the 2nd quarter. DSM Capital Partners LLC now owns 4,449 shares of the semiconductor company's stock valued at $8,851,000 after buying an additional 1,167 shares during the period. Finally, Acumen Wealth Advisors LLC grew its holdings in ASML by 172.8% in the 2nd quarter. Acumen Wealth Advisors LLC now owns 1,918 shares of the semiconductor company's stock valued at $3,816,000 after buying an additional 1,215 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Stock Performance

ASML stock opened at $1,844.45 on Friday. The stock's 50-day moving average is $1,781.65 and its 200-day moving average is $1,567.15. The company has a market cap of $725.39 billion, a price-to-earnings ratio of 57.39, a price-to-earnings-growth 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 Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96.

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 return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.64 billion for the quarter. Equities analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Barclays restated an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Bank of America upped their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Sanford C. Bernstein increased their price target on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of ASML in a report on Thursday, June 11th. 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 given a Sell rating to the company. According to data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus price target 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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