Trybe Capital Management LP Invests $29.93 Million in ASML Holding N.V. $ASML

Trybe Capital Management LP purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML) in the second quarter, HoldingsChannel.com reports. The fund purchased 15,046 shares of the semiconductor company’s stock, valued at approximately $29,933,000. ASML makes up about 2.7% of Trybe Capital Management LP’s investment portfolio, making the stock its 7th biggest position.

Several other large investors have also bought and sold shares of ASML. Cornerstone Financial Management LLC bought a new position in ASML in the fourth quarter valued at approximately $26,000. Binnacle Investments Inc raised its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Resources Management Corp CT ADV lifted its stake in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its stake in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc bought a new position in shares of ASML in the 4th quarter worth $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ASML shares. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Wells Fargo & Company increased their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Susquehanna reaffirmed a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Trading Down 1.3%

NASDAQ:ASML opened at $1,740.13 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The business’s 50-day simple moving average is $1,777.15 and its 200-day simple moving average is $1,583.01. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The stock has a market capitalization of $684.36 billion, a PE ratio of 54.14, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79.

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

ASML Cuts Dividend

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

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.