University of Texas Texas AM Investment Management Co. Boosts Holdings in ASML Holding N.V. $ASML

Key Points

• University of Texas Texas AM Investment Management Co. increased its ASML stake by 4,490.9% in the second quarter, bringing its holdings to 1,010 shares valued at approximately $2.01 million. Institutional investors collectively own 26.07% of ASML.
• Analysts remain broadly positive, with an average rating of “Moderate Buy” and an average price target of $1,970.33; Bernstein and Wells Fargo recently raised their targets.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, while its shares opened at $1,844.45 and traded within a 52-week range of $716.20 to $1,999.96.

University of Texas Texas AM Investment Management Co. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 4,490.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,010 shares of the semiconductor company's stock after acquiring an additional 988 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in ASML were worth $2,009,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Baron Wealth Management LLC boosted its position in shares of ASML by 1.8% in the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock worth $662,000 after acquiring an additional 6 shares during the last quarter. 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 purchasing an additional 6 shares during the last quarter. Family Capital Management Inc. increased its position in ASML by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company's stock worth $983,000 after purchasing an additional 7 shares during the last quarter. 44 Wealth Management LLC raised its position in shares of ASML by 1.1% in the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock worth $703,000 after buying an additional 7 shares during the period. Finally, Evolution Wealth Management Inc. raised its holdings in shares of ASML by 22.6% in the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 7 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ASML. UBS Group reissued a "buy" rating on shares of ASML in a research report on Wednesday, July 1st. Morningstar lowered shares of ASML to a "sell" rating in a report on Wednesday, May 27th. Sanford C. Bernstein lifted 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. Wells Fargo & Company boosted 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. Finally, Berenberg Bank reissued a "buy" rating on shares of ASML in a research report on Friday, May 8th. Four equities 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, ASML has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Stock Performance

Shares of ASML opened at $1,844.45 on Friday. The firm has a market cap of $725.39 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $1,781.65 and its two-hundred day moving average is $1,567.15. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96.

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 $10.64 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Analysts forecast that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's dividend payout ratio (DPR) is currently 22.62%.

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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