SPX Gestao de Recursos Ltda Invests $579,000 in ASML Holding N.V. $ASML

SPX Gestao de Recursos Ltda bought a new stake in ASML Holding N.V. (NASDAQ:ASML) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 291 shares of the semiconductor company’s stock, valued at approximately $579,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ASML. Cornerstone Financial Management LLC acquired a new position in ASML during the fourth quarter worth about $26,000. Portus Wealth Advisors LLC acquired a new stake in ASML in the 1st quarter valued at about $32,000. Resources Management Corp CT ADV raised its holdings in 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 acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. lifted its stake in ASML by 68.8% in 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 in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML in the 4th quarter worth approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ASML shares. Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Argus set a $2,100.00 price target on ASML in a report on Thursday, July 16th. Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America boosted their price objective on ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Four 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Stock Performance

NASDAQ:ASML opened at $1,883.12 on Tuesday. The company’s 50-day moving average is $1,784.33 and its two-hundred day moving average is $1,571.25. ASML Holding N.V. has a 1-year low of $716.20 and a 1-year high of $1,999.96. 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 firm has a market capitalization of $740.59 billion, a price-to-earnings ratio of 58.59, a PEG ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML) last announced its quarterly 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 net margin of 30.11% and a return on equity of 52.71%. Analysts forecast that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

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

ASML Company 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.