UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in ASML Holding N.V. $ASML

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,322 shares of the semiconductor company’s stock after selling 3,035 shares during the quarter. 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 quarter.

Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in ASML by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares in the last quarter. Van ECK Associates Corp boosted its position in ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after purchasing an additional 592,125 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after buying an additional 96,860 shares during the last quarter. Bank of America Corp DE grew its holdings in ASML by 1.2% in the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after purchasing an additional 19,051 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in ASML by 14.5% during 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 buying an additional 193,068 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

ASML stock opened at $1,682.30 on Thursday. The company has a 50-day moving average price of $1,756.50 and a 200 day moving average price of $1,598.34. The stock has a market cap of $661.61 billion, a P/E ratio of 52.34, a PEG ratio of 0.82 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12-month low of $729.56 and a 12-month high of $1,999.96.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The firm 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%. Sell-side analysts anticipate that ASML Holding N.V. will post 44.99 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date 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 currently 22.62%.

Analyst Ratings Changes

Several analysts have weighed in on ASML shares. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, July 1st. Barclays restated an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. JPMorgan Chase & Co. boosted 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. Finally, Susquehanna reissued a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

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.