Moore Capital Management LP Boosts Position in ASML Holding N.V. $ASML

Moore Capital Management LP raised its stake in ASML Holding N.V. (NASDAQ:ASML) by 82.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,000 shares of the semiconductor company’s stock after buying an additional 906 shares during the period. Moore Capital Management LP’s holdings in ASML were worth $3,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Field & Main Bank bought a new stake in ASML during the 2nd quarter valued at $30,000. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the fourth quarter valued at $26,000. Portus Wealth Advisors LLC purchased a new position in shares of ASML during the first quarter valued at $32,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of ASML in the second quarter valued at about $48,000. Finally, Resources Management Corp CT ADV raised its holdings in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $1,696.01 on Tuesday. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The firm has a market cap of $667.01 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 0.84 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a 50-day simple moving average of $1,760.29 and a two-hundred day simple moving average of $1,594.78.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The firm had revenue of $10.62 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. On average, equities analysts forecast that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio is presently 22.62%.

Analyst Ratings Changes

Several brokerages have issued reports on ASML. Wells Fargo & Company increased their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

About ASML

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.