ASML Holding (NASDAQ:ASML) is Octahedron Capital Management L.P.’s 8th Largest Position

Octahedron Capital Management L.P. raised its position in shares of ASML Holding (NASDAQ:ASML) by 445.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,350 shares of the semiconductor company’s stock after acquiring an additional 4,370 shares during the period. ASML makes up 5.5% of Octahedron Capital Management L.P.’s portfolio, making the stock its 8th biggest position. Octahedron Capital Management L.P.’s holdings in ASML were worth $5,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Transatlantique Private Wealth LLC boosted its position in shares of ASML by 0.9% in the second quarter. Transatlantique Private Wealth LLC now owns 2,078 shares of the semiconductor company’s stock worth $2,114,000 after buying an additional 19 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of ASML by 176.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,306 shares of the semiconductor company’s stock worth $2,358,000 after buying an additional 1,472 shares during the period. Sei Investments Co. boosted its position in shares of ASML by 6.1% in the second quarter. Sei Investments Co. now owns 208,350 shares of the semiconductor company’s stock worth $213,088,000 after buying an additional 11,907 shares during the period. AE Wealth Management LLC boosted its position in shares of ASML by 17.0% in the second quarter. AE Wealth Management LLC now owns 1,632 shares of the semiconductor company’s stock worth $1,668,000 after buying an additional 237 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of ASML by 11.2% in the second quarter. King Luther Capital Management Corp now owns 1,053 shares of the semiconductor company’s stock worth $1,077,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, Wells Fargo & Company upped their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Stock Down 4.0 %

Shares of ASML stock opened at $795.28 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $870.91 and its 200-day simple moving average is $939.86. The stock has a market capitalization of $313.81 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 1.96 and a beta of 1.49. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the firm earned $5.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. Equities research analysts forecast that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.94%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio is 28.50%.

ASML 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.