Oppenheimer & Co. Inc. Acquires 407 Shares of ASML Holding (NASDAQ:ASML)

Oppenheimer & Co. Inc. boosted its stake in shares of ASML Holding (NASDAQ:ASML) by 10.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,280 shares of the semiconductor company’s stock after acquiring an additional 407 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in ASML were worth $3,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ASML. Fairway Wealth LLC bought a new stake in shares of ASML in the 3rd quarter worth about $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter worth approximately $26,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML during the third quarter valued at approximately $28,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the second quarter valued at approximately $31,000. Finally, First Community Trust NA bought a new position in ASML in the second quarter worth approximately $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ASML. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna cut their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Sanford C. Bernstein lowered their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. 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 company. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

NASDAQ:ASML opened at $658.63 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The company has a 50 day moving average price of $758.59 and a 200-day moving average price of $883.33. ASML Holding has a 1-year low of $654.77 and a 1-year high of $1,110.09. The firm has a market cap of $259.12 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping 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 business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Equities research analysts forecast that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 29.21%.

ASML Company Profile

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.