Oppenheimer Asset Management Inc. Increases Stock Position in ASML Holding (NASDAQ:ASML)

Oppenheimer Asset Management Inc. boosted its stake in shares of ASML Holding (NASDAQ:ASML) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,341 shares of the semiconductor company’s stock after buying an additional 119 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ASML were worth $22,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stockman Wealth Management Inc. boosted its stake in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares during the period. US Bancorp DE boosted its stake in shares of ASML by 7.5% in the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after purchasing an additional 3,321 shares during the period. KP Management LLC lifted its stake in ASML by 66.7% in the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock worth $5,114,000 after acquiring an additional 2,000 shares during the last quarter. Harvard Management Co. Inc. lifted its stake in ASML by 239.8% in the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after acquiring an additional 66,000 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in ASML in the third quarter worth approximately $1,372,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock traded down $6.18 during trading on Wednesday, reaching $663.00. The company’s stock had a trading volume of 540,666 shares, compared to its average volume of 1,413,242. The company has a 50-day moving average price of $763.40 and a two-hundred day moving average price of $886.15. The firm has a market cap of $260.84 billion, a PE ratio of 35.04, a P/E/G ratio of 1.94 and a beta of 1.51. ASML Holding has a fifty-two week low of $654.77 and a fifty-two week high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. On average, analysts forecast that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.85%. ASML’s payout ratio is currently 29.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.