Trybe Capital Management LP Makes New $29.93 Million Investment in ASML Holding N.V. $ASML

Key Points

• Trybe Capital Management acquired 15,046 ASML shares worth approximately $29.93 million, making the position 2.7% of its portfolio and its seventh-largest holding.
• ASML reported quarterly revenue of $10.64 billion and earnings per share of $8.65, with a 30.11% net margin and 52.71% return on equity. Analysts expect $44.85 in full-year EPS.
• Analysts maintain a generally bullish view, with an average “Moderate Buy” rating and a $1,970.33 price target versus the stock’s $1,740.13 opening price; ASML’s annualized dividend yield is 0.5%.

Trybe Capital Management LP acquired a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,046 shares of the semiconductor company's stock, valued at approximately $29,933,000. ASML accounts for 2.7% of Trybe Capital Management LP's portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in ASML during the 4th quarter valued at about $26,000. Binnacle Investments Inc grew its stake in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after buying an additional 15 shares during the last quarter. Resources Management Corp CT ADV grew its stake in ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock worth $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock worth $29,000 after buying an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

ASML opened at $1,740.13 on Tuesday. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The company's 50 day simple moving average is $1,777.15 and its 200-day simple moving average is $1,583.01. The stock has a market capitalization of $684.36 billion, a P/E ratio of 54.14, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results 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. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a $2.1507 dividend. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's dividend payout ratio (DPR) is 22.62%.

Analysts Set New Price Targets

Several research analysts have recently commented on ASML shares. UBS Group reissued a "buy" rating on shares of ASML in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ASML in a report on Friday, July 10th. JPMorgan Chase & Co. lifted 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. Morgan Stanley reissued an "overweight" rating on shares of ASML in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group restated a "neutral" rating on shares of ASML in a research note on Monday, June 1st. Four investment 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's stock. Based on data from MarketBeat, ASML has an average 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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