1832 Asset Management L.P. Sells 1,605 Shares of ASML Holding (NASDAQ:ASML)

1832 Asset Management L.P. reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 244,445 shares of the semiconductor company’s stock after selling 1,605 shares during the quarter. 1832 Asset Management L.P. owned 0.06% of ASML worth $250,001,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in shares of ASML by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock valued at $3,760,348,000 after purchasing an additional 95,795 shares during the last quarter. Jennison Associates LLC increased its stake in shares of ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares during the period. GQG Partners LLC raised its stake in shares of ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after acquiring an additional 294,784 shares during the last quarter. Sands Capital Management LLC raised its position in ASML by 8.1% during the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after purchasing an additional 121,847 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of ASML by 15.4% during the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after acquiring an additional 170,992 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

Shares of ASML opened at $795.28 on Friday. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09. The stock’s fifty day moving average price is $870.91 and its two-hundred day moving average price is $939.66. The firm has a market cap of $313.81 billion, a PE ratio of 40.62, a PEG ratio of 1.96 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.37 EPS. On average, equities research analysts forecast that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.50%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASML. JPMorgan Chase & Co. lifted their price objective on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Susquehanna raised their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Wells Fargo & Company upped their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

About ASML

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.