Oppenheimer Asset Management Inc. Reduces Stock Position in ASML Holding N.V. $ASML

Oppenheimer Asset Management Inc. lowered its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,452 shares of the semiconductor company’s stock after selling 395 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ASML were worth $37,226,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ASML. Princeton Global Asset Management LLC boosted its holdings in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the period. Banque Cantonale Vaudoise purchased a new position in ASML during the 1st quarter valued at $27,000. Washington Trust Advisors Inc. boosted its holdings in ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the period. Maseco LLP purchased a new position in ASML during the 2nd quarter valued at $32,000. Finally, Knuff & Co LLC purchased a new stake in shares of ASML in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 0.3%

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

ASML (NASDAQ:ASML) last released its quarterly 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 return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the business posted $5.28 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. ASML’s dividend payout ratio (DPR) is 25.56%.

Wall Street Analysts Forecast Growth

ASML has been the subject of several research reports. Erste Group Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Barclays reiterated an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Evercore ISI reiterated an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a report on Monday, October 13th. Finally, Morningstar cut ASML to a “hold” rating in a report on Thursday, September 18th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus 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.