Bank Hapoalim BM Sells 1,003 Shares of ASML Holding N.V. $ASML

Key Points

• Bank Hapoalim BM cut its ASML stake by 21.5% in the second quarter, selling 1,003 shares and retaining 3,668 shares valued at approximately $7.3 million.
• Analysts remain broadly optimistic, with ASML carrying a “Moderate Buy” consensus rating and an average price target of $1,970.33; several firms recently raised their targets.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, while its shares traded near $1,844.45 and the company paid a quarterly dividend of $2.1507 per share.

Bank Hapoalim BM reduced its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,668 shares of the semiconductor company's stock after selling 1,003 shares during the quarter. ASML accounts for 0.5% of Bank Hapoalim BM's holdings, making the stock its 18th biggest holding. Bank Hapoalim BM's holdings in ASML were worth $7,297,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Baron Wealth Management LLC raised its stake in ASML by 1.8% in the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock valued at $662,000 after purchasing an additional 6 shares in the last quarter. Whitener Capital Management Inc. grew its stake in ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock worth $434,000 after buying an additional 6 shares in the last quarter. Founders Financial Alliance LLC increased its holdings in ASML by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock valued at $529,000 after buying an additional 6 shares during the period. Family Capital Management Inc. increased its holdings in ASML by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company's stock valued at $983,000 after buying an additional 7 shares during the period. Finally, 44 Wealth Management LLC raised its position in shares of ASML by 1.1% in the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock valued at $703,000 after buying an additional 7 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ASML shares. Royal Bank Of Canada upped their price target on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Wells Fargo & Company boosted their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped their target price on ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, June 1st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,970.33.

ASML Trading Up 0.0%

Shares of ASML stock opened at $1,844.45 on Monday. The firm has a market capitalization of $725.39 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. 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's 50 day moving average is $1,781.65 and its 200 day moving average is $1,568.23. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The business had revenue of $10.64 billion during the quarter. Equities research analysts forecast that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

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