ASML Holding N.V. $ASML is Octahedron Capital Management L.P.’s 9th Largest Position

Octahedron Capital Management L.P. lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 30.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,000 shares of the semiconductor company’s stock after selling 3,475 shares during the quarter. ASML accounts for 4.8% of Octahedron Capital Management L.P.’s portfolio, making the stock its 9th largest position. Octahedron Capital Management L.P.’s holdings in ASML were worth $6,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ASML. Princeton Global Asset Management LLC lifted its holdings in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 20 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in ASML during the second quarter valued at $30,000. Washington Trust Advisors Inc. lifted its holdings in ASML by 129.4% in the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the period. Maseco LLP purchased a new position in ASML in the second quarter worth about $32,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of ASML during the 1st quarter valued at about $27,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Down 1.6%

NASDAQ:ASML opened at $1,004.06 on Wednesday. The company’s 50-day simple moving average is $988.68 and its 200-day simple moving average is $835.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,086.11. The stock has a market capitalization of $394.88 billion, a P/E ratio of 40.87, a P/E/G ratio of 1.76 and a beta of 1.88.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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. The firm had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $5.28 EPS. On average, equities analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reiterated a “market perform” rating on shares of ASML in a research note on Wednesday, October 29th. Morningstar downgraded ASML to a “hold” rating in a research report on Thursday, September 18th. Barclays reiterated an “overweight” rating on shares of ASML in a research report on Tuesday, September 30th. Wells Fargo & Company lifted their price target on shares of ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,076.33.

About ASML

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.