UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,035 Shares of ASML Holding N.V. $ASML

Key Points

• UBS AM reduced its ASML position by 9.7% in the second quarter, selling 3,035 shares and retaining 28,322 shares valued at approximately $56.3 million.
• Several other institutional investors increased their holdings, while institutional investors collectively owned 26.07% of ASML.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,970.33; ASML recently traded at $1,682.30 and reported quarterly revenue of $10.62 billion.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,322 shares of the semiconductor company's stock after selling 3,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in ASML were worth $56,345,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its stake in ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company's stock worth $1,652,618,000 after purchasing an additional 1,022,532 shares during the last quarter. Van ECK Associates Corp lifted its holdings in ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock worth $4,892,869,000 after buying an additional 592,125 shares during the period. Sei Investments Co. lifted its stake in ASML by 223.7% in the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company's stock worth $379,368,000 after acquiring an additional 198,505 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of ASML by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company's stock worth $1,633,046,000 after purchasing an additional 193,068 shares during the period. Finally, Invesco Ltd. lifted its holdings in ASML by 21.3% in the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company's stock worth $822,492,000 after buying an additional 148,948 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays restated an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Wells Fargo & Company upped their price objective on ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Friday, July 17th. Sanford C. Bernstein raised their price target on 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 reissued a "buy" rating on shares of ASML in a report on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, ASML has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Trading Up 1.0%

ASML stock opened at $1,682.30 on Thursday. 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 business has a 50 day simple moving average of $1,756.50 and a two-hundred day simple moving average of $1,598.34. ASML Holding N.V. has a 1-year low of $729.56 and a 1-year high of $1,999.96. The company has a market capitalization of $661.61 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 0.82 and a beta of 1.79.

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

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were issued a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding ASML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASML Holding N.V. (NASDAQ:ASML - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source