Ontario Teachers Pension Plan Board Sells 3,390 Shares of ASML Holding N.V. $ASML

Ontario Teachers Pension Plan Board cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 19.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,186 shares of the semiconductor company’s stock after selling 3,390 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in ASML were worth $28,222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornerstone Financial Management LLC bought a new position in shares of ASML during the fourth quarter worth about $26,000. Binnacle Investments Inc boosted its holdings in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Resources Management Corp CT ADV boosted its holdings in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. increased its position in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new stake in ASML during the 4th quarter valued at approximately $30,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ASML shares. Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Sanford C. Bernstein increased their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Citigroup reissued a “buy” rating on shares of ASML in a research note on Friday, July 17th. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Price Performance

Shares of ASML opened at $1,802.98 on Wednesday. The firm has a market cap of $709.08 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96. The business’s 50 day moving average price is $1,784.83 and its two-hundred day moving average price is $1,573.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The company had revenue of $10.64 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. On average, equities analysts anticipate that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is presently 22.62%.

ASML 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.