Mark Asset Management LP Sells 6,993 Shares of ASML Holding (NASDAQ:ASML)

Mark Asset Management LP reduced its position in shares of ASML Holding (NASDAQ:ASML) by 44.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,678 shares of the semiconductor company’s stock after selling 6,993 shares during the quarter. ASML comprises 0.9% of Mark Asset Management LP’s holdings, making the stock its 26th biggest position. Mark Asset Management LP’s holdings in ASML were worth $8,875,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its position in shares of ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after acquiring an additional 870,010 shares during the last quarter. Jennison Associates LLC increased its holdings in 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 purchasing an additional 572,996 shares during the last quarter. Fayez Sarofim & Co acquired a new position in ASML in the first quarter valued at about $542,710,000. GQG Partners LLC lifted its stake in ASML by 21.6% in 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 buying an additional 294,784 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in ASML by 11,084.1% during the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after buying an additional 243,850 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ ASML opened at $852.44 on Friday. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09. The stock has a market capitalization of $335.37 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 1.97 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. The business has a 50-day moving average of $858.34 and a 200-day moving average of $935.40.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.37 EPS. 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. Stockholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.88%. ASML’s payout ratio is currently 28.55%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASML. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna upped their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company lifted their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.