ASML Holding N.V. $ASML Shares Sold by Oppenheimer Asset Management Inc.

by · The Cerbat Gem

Oppenheimer Asset Management Inc. lessened its stake in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 6.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 35,581 shares of the semiconductor company’s stock after selling 2,373 shares during the quarter. ASML makes up 0.7% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 24th biggest position. Oppenheimer Asset Management Inc.’s holdings in ASML were worth $70,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ASML. Cornerstone Financial Management LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $26,000. Portus Wealth Advisors LLC acquired a new stake in ASML in the 1st quarter valued at approximately $32,000. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. raised its position in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in ASML during the fourth quarter worth $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Sanford C. Bernstein increased their target price on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Zacks Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

Read Our Latest Analysis on ASML

ASML Stock Down 0.2%

ASML stock opened at $1,844.45 on Friday. ASML Holding N.V. has a twelve month low of $716.20 and a twelve month high of $1,999.96. The stock’s fifty day simple moving average is $1,781.65 and its 200-day simple moving average is $1,567.15. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $725.39 billion, a P/E ratio of 57.39, a P/E/G ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML – Get Free Report) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business 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%. As a group, equities 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. Shareholders of record on Tuesday, July 28th were given a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s dividend payout ratio (DPR) is currently 22.62%.

ASML Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ASML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASML Holding N.V. (NASDAQ:ASML – Free Report).