Obermeyer Wealth Partners Decreases Position in ASML Holding N.V. $ASML

Obermeyer Wealth Partners reduced its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,304 shares of the semiconductor company’s stock after selling 471 shares during the period. ASML comprises approximately 1.8% of Obermeyer Wealth Partners’ portfolio, making the stock its 18th largest position. Obermeyer Wealth Partners’ holdings in ASML were worth $35,504,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Princeton Global Asset Management LLC lifted its position in shares of ASML by 153.8% during the 2nd 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 last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of ASML during the 1st quarter worth $27,000. Washington Trust Advisors Inc. lifted its position in shares of ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Maseco LLP purchased a new stake in shares of ASML during the 2nd quarter worth $32,000. Finally, Knuff & Co LLC purchased a new stake in shares of ASML during the 1st quarter worth $33,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Down 1.5%

ASML stock opened at $1,059.23 on Monday. The company has a market cap of $416.58 billion, a P/E ratio of 43.11, a P/E/G ratio of 1.76 and a beta of 1.87. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11. The company’s 50-day moving average price is $924.66 and its 200 day moving average price is $804.27. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The firm had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.28 earnings per share. On average, research analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be issued a $1.857 dividend. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Wednesday, October 29th. ASML’s payout ratio is currently 25.76%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ASML shares. Mizuho upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. Morningstar lowered shares of ASML to a “hold” rating in a research note on Thursday, September 18th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Finally, Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,051.60.

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.