WT Asset Management Ltd Cuts Stock Holdings in ASML Holding N.V. $ASML

WT Asset Management Ltd lowered its holdings in ASML Holding N.V. (NASDAQ:ASML) by 13.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 105,329 shares of the semiconductor company’s stock after selling 16,968 shares during the quarter. ASML comprises approximately 4.1% of WT Asset Management Ltd’s holdings, making the stock its 11th largest holding. WT Asset Management Ltd’s holdings in ASML were worth $209,546,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Boston Common Asset Management LLC purchased a new position in ASML in the first quarter valued at about $4,355,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after acquiring an additional 760 shares in the last quarter. Keudell Morrison Wealth Management purchased a new stake in ASML during the fourth quarter valued at approximately $1,402,000. Keybank National Association OH lifted its position in ASML by 21.3% during the fourth quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock valued at $69,920,000 after acquiring an additional 11,459 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in ASML by 507.0% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock valued at $2,883,000 after acquiring an additional 2,251 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML 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. The company’s fifty day moving average price is $1,784.83 and its 200-day moving average price is $1,573.92. ASML Holding N.V. has a 1-year low of $716.20 and a 1-year high of $1,999.96. The firm has a market capitalization 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 issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.64 billion during the quarter. On average, equities research analysts predict that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a $2.1507 dividend. 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 currently 22.62%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ASML shares. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a report on Tuesday, July 7th. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Wells Fargo & Company raised their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morningstar lowered ASML to a “sell” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Saturday. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.