Light Street Capital Management LLC Has $4.42 Million Stock Position in ASML Holding N.V. $ASML

Light Street Capital Management LLC cut its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 21.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,511 shares of the semiconductor company’s stock after selling 1,500 shares during the quarter. ASML accounts for about 0.9% of Light Street Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Light Street Capital Management LLC’s holdings in ASML were worth $4,416,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Daymark Wealth Partners LLC boosted its position in shares of ASML by 25.3% during the 2nd quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock valued at $3,738,000 after acquiring an additional 941 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in ASML by 6.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock worth $15,153,000 after purchasing an additional 1,225 shares during the period. Acadian Asset Management LLC boosted its holdings in ASML by 97.6% during the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after purchasing an additional 76,023 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in shares of ASML by 67.9% in the 2nd quarter. Soltis Investment Advisors LLC now owns 4,199 shares of the semiconductor company’s stock valued at $3,365,000 after purchasing an additional 1,698 shares during the period. Finally, Prospera Financial Services Inc raised its holdings in shares of ASML by 115.9% in the 2nd quarter. Prospera Financial Services Inc now owns 5,144 shares of the semiconductor company’s stock worth $4,125,000 after buying an additional 2,761 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ASML. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Bank of America boosted their target price on shares of ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Susquehanna upped their target price on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a report on Friday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of ASML from $1,175.00 to $1,275.00 and gave the company a “buy” rating in a report on Monday, December 1st. Finally, Rothschild Redb raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,171.83.

ASML Stock Down 3.7%

Shares of NASDAQ:ASML opened at $1,080.85 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $425.08 billion, a P/E ratio of 43.99, a P/E/G ratio of 1.74 and a beta of 1.87. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,141.72. The company’s 50-day moving average price is $1,039.93 and its two-hundred day moving average price is $875.92.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the firm posted $5.28 earnings per share. The company’s revenue was up .7% on a year-over-year basis. As a group, research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were issued a dividend of $1.857 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio (DPR) is currently 25.76%.

ASML 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.