Boomfish Wealth Group LLC Lowers Stake in ASML Holding (NASDAQ:ASML)

Boomfish Wealth Group LLC reduced its position in ASML Holding (NASDAQ:ASML) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,570 shares of the semiconductor company’s stock after selling 192 shares during the period. ASML makes up approximately 1.7% of Boomfish Wealth Group LLC’s holdings, making the stock its 13th largest holding. Boomfish Wealth Group LLC’s holdings in ASML were worth $2,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASML. Jennison Associates LLC raised its position in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new stake in shares of ASML during the 1st quarter valued at about $542,710,000. GQG Partners LLC lifted its position in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in ASML by 11,084.1% in the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after acquiring an additional 243,850 shares during the period. Finally, Wellington Management Group LLP grew its position in ASML by 35.6% in the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after acquiring an additional 203,860 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock traded down $9.59 during trading on Friday, hitting $918.66. 804,217 shares of the stock were exchanged, compared to its average volume of 1,234,781. The stock has a market cap of $362.49 billion, a PE ratio of 46.92, a P/E/G ratio of 1.87 and a beta of 1.49. The stock’s fifty day moving average is $973.85 and its 200 day moving average is $954.47. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the firm posted $5.37 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.82%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company lifted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Company Profile

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.