BTG Pactual Asset Management US LLC Purchases 690 Shares of ASML Holding N.V. $ASML

BTG Pactual Asset Management US LLC grew its position in ASML Holding N.V. (NASDAQ:ASML) by 95.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,415 shares of the semiconductor company’s stock after acquiring an additional 690 shares during the period. BTG Pactual Asset Management US LLC’s holdings in ASML were worth $2,815,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new stake in shares of ASML during the fourth quarter worth about $26,000. Binnacle Investments Inc increased its stake in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV increased its stake in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Field & Main Bank acquired a new stake in ASML during the 2nd quarter worth approximately $30,000. Finally, Jessup Wealth Management Inc acquired a new stake in ASML during the 4th quarter worth approximately $30,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASML. Argus set a $2,100.00 price objective on shares of ASML in a research report on Thursday, July 16th. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Royal Bank Of Canada boosted their price target on ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a report on Monday, June 1st. Finally, DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Stock Performance

ASML stock opened at $1,696.16 on Monday. The company has a market cap of $667.07 billion, a price-to-earnings ratio of 52.77, a P/E/G ratio of 0.84 and a beta of 1.79. The firm has a 50-day moving average of $1,764.95 and a 200-day moving average of $1,592.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96.

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

ASML Cuts Dividend

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