Janney Montgomery Scott LLC Reduces Stock Position in ASML Holding N.V. $ASML

Key Points

• Janney Montgomery Scott reduced its ASML stake by 14.7% in the second quarter, selling 8,141 shares and retaining 47,367 shares valued at approximately $94.2 million. Institutional investors own 26.07% of ASML.
• Analyst sentiment remains positive overall, with ASML holding a consensus rating of “Moderate Buy” and an average price target of $1,970.33, despite several recent downgrades to hold or sell.
• ASML reported quarterly revenue of $10.64 billion and EPS of $8.65, while the stock recently traded at $1,844.45. The company paid a quarterly dividend of $2.1507 per share, representing a 0.5% yield.

Janney Montgomery Scott LLC cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 14.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,367 shares of the semiconductor company's stock after selling 8,141 shares during the period. Janney Montgomery Scott LLC's holdings in ASML were worth $94,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ASML. Baron Wealth Management LLC boosted its stake in shares of ASML by 1.8% in the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock worth $662,000 after buying an additional 6 shares during the last quarter. Whitener Capital Management Inc. increased its position in ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock valued at $434,000 after acquiring an additional 6 shares during the last quarter. Founders Financial Alliance LLC increased its position in ASML by 2.3% during the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock valued at $529,000 after acquiring an additional 6 shares during the last quarter. Family Capital Management Inc. lifted its holdings in ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company's stock valued at $983,000 after acquiring an additional 7 shares during the period. Finally, 44 Wealth Management LLC lifted its holdings in 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 acquiring an additional 7 shares during the period. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASML shares. Morningstar downgraded ASML to a "sell" rating in a research note on Wednesday, May 27th. The Goldman Sachs Group reiterated a "buy" rating on shares of ASML in a research note on Thursday, June 11th. Wall Street Zen downgraded shares of ASML from a "buy" rating to a "hold" rating in a report on Saturday. Zacks Research lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. Finally, UBS Group reaffirmed a "buy" rating on shares of ASML in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Stock Up 0.0%

NASDAQ ASML opened at $1,844.45 on Monday. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $725.39 billion, a P/E ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. The stock's 50-day moving average price is $1,781.65 and its 200-day moving average price is $1,568.23.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results 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 company had revenue of $10.64 billion for the quarter. On average, equities research analysts predict that ASML Holding N.V. will post 44.85 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. Stockholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML's dividend payout ratio (DPR) is presently 22.62%.

ASML Company Profile

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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