Steadview Capital Management LLC Purchases New Position in ASML Holding N.V. $ASML

Steadview Capital Management LLC acquired a new stake in ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 10,837 shares of the semiconductor company’s stock, valued at approximately $21,560,000. ASML accounts for 6.5% of Steadview Capital Management LLC’s portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of ASML. Capstone Wealth Management Group LLC boosted its position in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after buying an additional 124 shares during the period. AQR Capital Management LLC raised its holdings in shares of ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after buying an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares during the period. Sivia Capital Partners LLC lifted its position in ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after acquiring an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after acquiring an additional 559 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ ASML opened at $1,844.45 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The business has a 50 day moving average price of $1,781.65 and a two-hundred day moving average price of $1,567.15. The firm has a market cap of $725.39 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML) last announced its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Sell-side analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

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

Wall Street Analyst Weigh In

ASML has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, June 1st. UBS Group reissued a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Friday, July 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research note on Tuesday, July 7th. Four research 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 stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

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.