New Paradigm Capital Management LLC Lowers Stock Holdings in ASML Holding N.V. $ASML

New Paradigm Capital Management LLC reduced its stake in ASML Holding N.V. (NASDAQ:ASML) by 83.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 200 shares of the semiconductor company’s stock after selling 1,000 shares during the quarter. ASML accounts for 0.9% of New Paradigm Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. New Paradigm Capital Management LLC’s holdings in ASML were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Cornerstone Financial Management LLC purchased a new position in ASML in the 4th quarter valued at $26,000. Binnacle Investments Inc increased its stake in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the period. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% during the 4th 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. raised its position in ASML by 68.8% during the 4th 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 during the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML in the 4th quarter worth $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $1,844.45 on Friday. The stock has a fifty day moving average price of $1,781.65 and a 200 day moving average price of $1,567.15. The stock has a market cap of $725.39 billion, a PE ratio of 57.39, a P/E/G ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.

ASML (NASDAQ:ASML) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Sell-side analysts forecast that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s payout ratio is currently 22.62%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ASML. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, June 11th. JPMorgan Chase & Co. increased their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morningstar downgraded shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Bank of America lifted their price objective on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Barclays reiterated an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

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.