Thornburg Investment Management Inc. Has $37.30 Million Position in ASML Holding N.V. $ASML

Key Points

• Thornburg Investment Management reduced its ASML position by 3.9% in the second quarter, selling 766 shares and retaining 18,747 shares valued at approximately $37.3 million.
• ASML reported quarterly revenue of $10.62 billion and earnings of $8.65 per share, while analysts project $44.99 in annual EPS. The stock has a market capitalization of about $667.1 billion and trades at a P/E ratio of 52.77.
• Wall Street maintains a consensus “Moderate Buy” rating with a $1,970.33 price target; ASML also pays an annualized dividend of $8.60 per share, yielding approximately 0.5%.

Thornburg Investment Management Inc. lessened its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,747 shares of the semiconductor company's stock after selling 766 shares during the period. Thornburg Investment Management Inc.'s holdings in ASML were worth $37,296,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Baron Wealth Management LLC grew its holdings in ASML by 1.8% during the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock worth $662,000 after purchasing an additional 6 shares during the period. Whitener Capital Management Inc. increased its position in ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock worth $434,000 after buying an additional 6 shares during the last quarter. Founders Financial Alliance LLC raised its stake in ASML by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock valued at $529,000 after buying an additional 6 shares during the period. 44 Wealth Management LLC raised its stake in ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock valued at $703,000 after buying an additional 7 shares during the period. Finally, Evolution Wealth Management Inc. lifted its position in shares of ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock valued at $50,000 after buying an additional 7 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

ASML stock opened at $1,696.16 on Friday. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The stock's 50 day moving average is $1,764.95 and its 200-day moving average is $1,591.65. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $667.07 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 0.84 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The business had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities research analysts expect that ASML Holding N.V. will post 44.99 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed 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. 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 (DPR) is presently 22.62%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASML. Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research note on Tuesday, July 7th. Susquehanna restated a "positive" rating on shares of ASML in a research note on Tuesday, June 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ASML in a research report on Thursday, June 11th. UBS Group reiterated a "buy" rating on shares of ASML in a report on Wednesday, July 1st. Finally, Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a research report on Monday, June 1st. 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,970.33.

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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