Octahedron Capital Management L.P. Has $5.47 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Octahedron Capital Management L.P. raised its position in shares of ASML Holding (NASDAQ:ASML) by 445.9% in the second quarter, HoldingsChannel.com reports. The firm owned 5,350 shares of the semiconductor company’s stock after buying an additional 4,370 shares during the period. ASML comprises about 5.5% of Octahedron Capital Management L.P.’s investment portfolio, making the stock its 8th biggest holding. Octahedron Capital Management L.P.’s holdings in ASML were worth $5,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in ASML during the 1st quarter valued at $26,000. WD Rutherford LLC bought a new stake in shares of ASML during the 1st quarter worth $29,000. Triad Wealth Partners LLC bought a new stake in shares of ASML during the 2nd quarter worth $31,000. Beaird Harris Wealth Management LLC bought a new stake in shares of ASML during the 4th quarter worth $34,000. Finally, First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter worth $34,000. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $795.28 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09. The business has a fifty day simple moving average of $870.91 and a 200 day simple moving average of $939.86. The firm has a market cap of $313.81 billion, a price-to-earnings ratio of 40.62, a P/E/G ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same period last year, the company earned $5.37 earnings per share. ASML’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a dividend yield of 0.94%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio (DPR) is currently 28.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ASML shares. Wells Fargo & Company raised their price objective on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.