Ontario Teachers Pension Plan Board Sells 3,390 Shares of ASML Holding N.V. $ASML

Key Points

• Ontario Teachers Pension Plan Board cut its ASML position by 19.3% in the second quarter, selling 3,390 shares and retaining 14,186 shares valued at approximately $28.2 million.
• Analysts remain broadly bullish on ASML, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33; several firms recently raised their ratings or targets.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, while its stock traded near $1,803 and paid a quarterly dividend of $2.1507 per share.

Ontario Teachers Pension Plan Board decreased its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 19.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,186 shares of the semiconductor company's stock after selling 3,390 shares during the period. Ontario Teachers Pension Plan Board's holdings in ASML were worth $28,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Boston Common Asset Management LLC acquired a new position in shares of ASML during the 1st quarter worth $4,355,000. Cambridge Investment Research Advisors Inc. boosted its stake in ASML by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company's stock valued at $24,036,000 after buying an additional 760 shares in the last quarter. Keudell Morrison Wealth Management bought a new position in ASML in the fourth quarter valued at about $1,402,000. Keybank National Association OH grew its position in ASML by 21.3% in the fourth 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 during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its stake in ASML by 507.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company's stock worth $2,883,000 after acquiring an additional 2,251 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on ASML shares. Barclays reissued an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Argus set a $2,100.00 price target on shares of ASML in a report on Thursday, July 16th. Sanford C. Bernstein upped their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. DZ Bank raised shares of ASML from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Price Performance

ASML stock opened at $1,802.98 on Wednesday. The stock has a 50-day moving average price of $1,784.83 and a two-hundred day moving average price of $1,573.92. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The company has a market capitalization of $709.08 billion, a PE ratio of 56.10, a P/E/G 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.

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

ASML Cuts Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's payout ratio is presently 22.62%.

ASML 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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