Sage Mountain Advisors LLC Cuts Stock Holdings in ASML Holding N.V. $ASML

Sage Mountain Advisors LLC lessened its position in ASML Holding N.V. (NASDAQ:ASML) by 14.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 517 shares of the semiconductor company’s stock after selling 85 shares during the quarter. Sage Mountain Advisors LLC’s holdings in ASML were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in ASML by 26.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after purchasing an additional 199,740 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ASML by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock worth $600,175,000 after buying an additional 7,164 shares in the last quarter. Invesco Ltd. raised its position in shares of ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after buying an additional 367,505 shares during the last quarter. Fayez Sarofim & Co lifted its stake in shares of ASML by 2.7% in the first quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock worth $470,910,000 after buying an additional 18,516 shares in the last quarter. Finally, First Manhattan CO. LLC. boosted its position in ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after acquiring an additional 268,172 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ ASML opened at $1,033.10 on Friday. The stock has a fifty day simple moving average of $892.92 and a 200-day simple moving average of $788.69. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The stock has a market cap of $406.30 billion, a PE ratio of 42.05, a P/E/G ratio of 1.70 and a beta of 1.87. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,059.00.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the company posted $5.28 earnings per share. ASML’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be issued a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. ASML’s payout ratio is 25.56%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Erste Group Bank upgraded ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, October 15th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a report on Thursday, October 16th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,051.60.

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.