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

Key Points

• Oppenheimer Asset Management reduced its ASML stake by 6.3% in the second quarter, selling 2,373 shares and retaining 35,581 shares valued at approximately $70.8 million.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, with a 30.11% net margin and 52.71% return on equity.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33, despite one analyst downgrade to sell.

Oppenheimer Asset Management Inc. cut its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,581 shares of the semiconductor company's stock after selling 2,373 shares during the quarter. ASML makes up approximately 0.7% of Oppenheimer Asset Management Inc.'s portfolio, making the stock its 24th largest holding. Oppenheimer Asset Management Inc.'s holdings in ASML were worth $70,786,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Boston Common Asset Management LLC acquired a new stake in shares of ASML in the first quarter valued at about $4,355,000. Cambridge Investment Research Advisors Inc. boosted its position in ASML by 3.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company's stock worth $24,036,000 after acquiring an additional 760 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in ASML during the fourth quarter worth about $1,402,000. Keybank National Association OH grew its stake in ASML by 21.3% during the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company's stock valued at $69,920,000 after acquiring an additional 11,459 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its stake in ASML by 507.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company's stock valued at $2,883,000 after acquiring an additional 2,251 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ:ASML opened at $1,844.45 on Friday. The company's 50-day moving average is $1,781.65 and its two-hundred day moving average is $1,567.15. ASML Holding N.V. has a 1-year low of $716.20 and a 1-year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market capitalization of $725.39 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results 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 during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Analysts forecast that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

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

Analyst Ratings Changes

A number of analysts have commented on ASML shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a report on Friday, July 10th. Susquehanna restated a "positive" rating on shares of ASML in a research report on Tuesday, June 30th. Barclays restated an "overweight" rating on shares of ASML in a research report on Thursday, July 16th. Morningstar downgraded ASML to a "sell" rating in a research report on Wednesday, May 27th. Finally, Argus set a $2,100.00 price objective on ASML in a research note on Thursday, July 16th. Four 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,970.33.

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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