Ancora Advisors LLC Sells 1,464 Shares of ASML Holding N.V. $ASML

Key Points

• Ancora Advisors reduced its ASML stake by 15% in the second quarter, selling 1,464 shares and retaining 8,264 shares valued at approximately $16.4 million.
• Analysts remain broadly positive on ASML, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33; JPMorgan recently raised its target to $2,400.
• ASML reported quarterly revenue of $10.62 billion and earnings of $8.65 per share, while paying a quarterly dividend of $2.1507 per share, equivalent to a 0.5% yield.

Ancora Advisors LLC lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 15.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,264 shares of the semiconductor company's stock after selling 1,464 shares during the period. Ancora Advisors LLC's holdings in ASML were worth $16,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baron Wealth Management LLC raised its position in ASML by 1.8% in the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock valued at $662,000 after buying an additional 6 shares during the last quarter. Whitener Capital Management Inc. boosted its holdings in ASML by 2.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock worth $434,000 after acquiring an additional 6 shares during the last quarter. Founders Financial Alliance LLC grew its stake in shares of ASML by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock worth $529,000 after acquiring an additional 6 shares in the last quarter. 44 Wealth Management LLC raised its holdings in shares of ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock valued at $703,000 after purchasing an additional 7 shares during the last quarter. Finally, Evolution Wealth Management Inc. raised its holdings in shares of ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 7 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ASML. JPMorgan Chase & Co. upped their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Weiss Ratings upgraded ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ASML in a report on Friday, July 10th. Finally, Barclays reiterated an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Stock Performance

Shares of ASML stock opened at $1,696.01 on Tuesday. The firm has a market cap of $667.01 billion, a price-to-earnings ratio of 52.77, a P/E/G ratio of 0.84 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96. The firm's 50-day simple moving average is $1,760.29 and its two-hundred day simple moving average is $1,594.78.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The firm had revenue of $10.62 billion during the quarter. As a group, equities analysts forecast that ASML Holding N.V. will post 44.99 earnings per share for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's dividend payout ratio is 22.62%.

About ASML

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.

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