Titleist Asset Management LLC Reduces Holdings in ASML Holding N.V. $ASML

Key Points

• Titleist Asset Management LLC significantly reduced its stake in ASML Holding N.V. by 66.4%, owning only 961 shares after selling 1,903 in the first quarter.
• ASML's recent earnings showed a miss in earnings per share at $4.55, falling short of expectations by $1.39, despite reporting revenue of $8.94 billion, which exceeded forecasts.
• The company has increased its quarterly dividend to $1.856 per share, signaling a positive change from its previous dividend of $1.64.

Titleist Asset Management LLC cut its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 66.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 961 shares of the semiconductor company's stock after selling 1,903 shares during the quarter. Titleist Asset Management LLC's holdings in ASML were worth $637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baird Financial Group Inc. raised its stake in shares of ASML by 16.7% during the 1st quarter. Baird Financial Group Inc. now owns 135,140 shares of the semiconductor company's stock valued at $89,548,000 after purchasing an additional 19,349 shares during the period. Panagora Asset Management Inc. raised its stake in shares of ASML by 17.1% during the 1st quarter. Panagora Asset Management Inc. now owns 7,872 shares of the semiconductor company's stock valued at $5,216,000 after purchasing an additional 1,149 shares during the period. Pennant Investors LP raised its stake in shares of ASML by 109.3% during the 1st quarter. Pennant Investors LP now owns 9,000 shares of the semiconductor company's stock valued at $5,964,000 after purchasing an additional 4,700 shares during the period. Vident Advisory LLC raised its stake in shares of ASML by 169.3% during the 1st quarter. Vident Advisory LLC now owns 10,773 shares of the semiconductor company's stock valued at $7,140,000 after purchasing an additional 6,772 shares during the period. Finally, Clough Capital Partners L P bought a new stake in shares of ASML during the 1st quarter valued at $1,430,000. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

ASML stock traded up $10.97 during midday trading on Wednesday, hitting $736.82. 1,327,620 shares of the company's stock were exchanged, compared to its average volume of 1,708,369. The stock has a 50-day moving average price of $751.86 and a two-hundred day moving average price of $726.01. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $873.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company has a market cap of $289.88 billion, a P/E ratio of 30.75, a PEG ratio of 1.51 and a beta of 1.80.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%.The firm had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.72 billion. During the same quarter in the previous year, the company posted $4.01 earnings per share. ASML's revenue for the quarter was up 23.2% compared to the same quarter last year. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were issued a $1.856 dividend. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is currently 26.21%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASML. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Erste Group Bank reiterated a "hold" rating on shares of ASML in a research note on Wednesday, July 23rd. New Street Research upgraded ASML from a "neutral" rating to a "buy" rating in a research note on Thursday, July 24th. Sanford C. Bernstein started coverage on ASML in a research note on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Finally, DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.