Janney Montgomery Scott LLC Lowers Position in ASML Holding N.V. $ASML

Janney Montgomery Scott LLC decreased its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 14.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,367 shares of the semiconductor company’s stock after selling 8,141 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ASML were worth $94,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ASML. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the fourth quarter valued at about $26,000. Portus Wealth Advisors LLC purchased a new position in ASML during the 1st quarter valued at approximately $32,000. Resources Management Corp CT ADV increased its stake in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new stake in shares of ASML during the 4th quarter worth approximately $30,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays restated an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. Wells Fargo & Company upped their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Trading Up 0.0%

Shares of ASML opened at $1,844.45 on Monday. ASML Holding N.V. has a twelve month low of $716.20 and a twelve month high of $1,999.96. The company has a market cap of $725.39 billion, a P/E ratio of 57.39, a P/E/G ratio of 0.92 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $1,781.65 and its 200-day simple moving average is $1,568.23.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.64 billion for the quarter. As a group, analysts expect that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

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

About ASML

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.