Oppenheimer & Co. Inc. Sells 573 Shares of ASML Holding N.V. $ASML

Key Points

• Oppenheimer & Co. reduced its ASML stake by 4.7% in the second quarter, selling 573 shares and retaining 11,594 shares valued at approximately $23.1 million.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $1,970.33, although Jefferies maintained a neutral rating.
• ASML reported quarterly revenue of $10.64 billion and EPS of $8.65, while its stock opened at $1,844.45 and paid a quarterly dividend of $2.1507, representing a 0.5% yield.

Oppenheimer & Co. Inc. reduced its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,594 shares of the semiconductor company's stock after selling 573 shares during the period. Oppenheimer & Co. Inc.'s holdings in ASML were worth $23,066,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ASML. Cornerstone Financial Management LLC acquired a new stake in shares of ASML in the fourth quarter valued at about $26,000. Binnacle Investments Inc grew its stake in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV increased its position in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML during the 4th quarter worth approximately $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group restated a "buy" rating on shares of ASML in a report on Wednesday, July 1st. Berenberg Bank restated a "buy" rating on shares of ASML in a research note on Friday, May 8th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ASML in a report on Thursday, June 11th. Sanford C. Bernstein lifted their price target on ASML from $1,971.00 to $2,623.00 and gave the stock an "outperform" rating in a report on Monday, July 6th. Finally, Jefferies Financial Group restated a "neutral" rating on shares of ASML in a research note on Monday, June 1st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,970.33.

ASML Price Performance

NASDAQ:ASML opened at $1,844.45 on Friday. The company has a market cap of $725.39 billion, a P/E ratio of 57.39, a P/E/G ratio of 0.92 and a beta of 1.79. The firm's fifty day moving average price is $1,781.65 and its two-hundred day moving average price is $1,567.15. ASML Holding N.V. has a one year low of $716.20 and a one 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.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company 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%. Equities analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a $2.1507 dividend. 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 currently 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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