Deepwater Asset Management LLC Has $2.10 Million Holdings in ASML Holding N.V. $ASML

Deepwater Asset Management LLC cut its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 72.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,053 shares of the semiconductor company’s stock after selling 2,742 shares during the period. ASML accounts for about 1.0% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Deepwater Asset Management LLC’s holdings in ASML were worth $2,095,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new position in ASML in the fourth quarter worth approximately $26,000. Portus Wealth Advisors LLC acquired a new stake in ASML in the first quarter valued at approximately $32,000. Resources Management Corp CT ADV grew its position in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of 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 purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the 4th quarter worth $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of ASML stock opened at $1,802.98 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The firm has a fifty day moving average price of $1,784.83 and a two-hundred day moving average price of $1,573.92. The company has a market cap of $709.08 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

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

ASML Cuts Dividend

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

Analyst Upgrades and Downgrades

ASML has been the subject of several analyst reports. Morningstar lowered shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Argus set a $2,100.00 target price on ASML in a report on Thursday, July 16th. Bank of America boosted their price target on ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Friday, July 17th. Finally, Barclays reissued an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average 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.