Oppenheimer Asset Management Inc. Grows Stock Holdings in ASML Holding (NASDAQ:ASML)

Oppenheimer Asset Management Inc. grew its holdings in ASML Holding (NASDAQ:ASML) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,341 shares of the semiconductor company’s stock after acquiring an additional 119 shares during the period. Oppenheimer Asset Management Inc.’s holdings in ASML were worth $22,782,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ASML. Fairway Wealth LLC purchased a new stake in ASML during the third quarter worth $25,000. Resources Management Corp CT ADV purchased a new stake in ASML during the second quarter worth $26,000. Milestone Investment Advisors LLC purchased a new stake in ASML during the third quarter worth $28,000. Triad Wealth Partners LLC purchased a new stake in ASML during the second quarter worth $31,000. Finally, First Community Trust NA purchased a new stake in ASML during the second quarter worth $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of NASDAQ ASML traded down $6.18 during mid-day 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 stock has a 50-day moving average of $763.40 and a two-hundred day moving average of $886.15. The stock has a market capitalization of $260.84 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a 1-year low of $654.77 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.66 billion. On average, equities research analysts anticipate that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ASML. Sanford C. Bernstein lowered their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.