Oppenheimer Asset Management Inc. Has $36.74 Million Position in ASML Holding N.V. $ASML

Oppenheimer Asset Management Inc. cut its position in ASML Holding N.V. (NASDAQ:ASML) by 18.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 37,949 shares of the semiconductor company’s stock after selling 8,503 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ASML were worth $36,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ASML. Manning & Napier Advisors LLC bought a new position in ASML during the third quarter worth about $25,000. Princeton Global Asset Management LLC raised its position in shares of ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the period. City Holding Co. bought a new position in shares of ASML during the 3rd quarter valued at about $26,000. Binnacle Investments Inc grew its position in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Finally, Pin Oak Investment Advisors Inc. bought a new stake in ASML during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

ASML opened at $1,413.01 on Monday. The business’s 50-day simple moving average is $1,214.91 and its 200 day simple moving average is $1,009.74. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,493.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. The firm has a market capitalization of $555.71 billion, a PE ratio of 54.73, a PEG ratio of 1.63 and a beta of 1.89.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be issued a $3.1771 dividend. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. This is a boost from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is currently 24.79%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ASML shares. Citigroup reiterated a “buy” rating on shares of ASML in a report on Tuesday, January 20th. Sanford C. Bernstein set a $1,911.00 target price on shares of ASML in a research note on Thursday, January 29th. Cantor Fitzgerald reissued an “overweight” rating on shares of ASML in a research note on Tuesday, December 16th. Royal Bank Of Canada upped their price objective on ASML from $1,550.00 to $1,625.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Wells Fargo & Company lifted their target price on ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,475.00.

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.