277 Shares in ASML Holding (NASDAQ:ASML) Purchased by Tower Bridge Advisors

Tower Bridge Advisors acquired a new position in ASML Holding (NASDAQ:ASML) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 277 shares of the semiconductor company’s stock, valued at approximately $231,000.

A number of other large investors have also modified their holdings of the company. Fairway Wealth LLC bought a new position in ASML in the 3rd quarter valued at about $25,000. Resources Management Corp CT ADV bought a new position in ASML in the 2nd quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in ASML in the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC bought a new position in ASML in the 2nd quarter valued at about $31,000. Finally, First Community Trust NA bought a new position in ASML in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $658.63 on Monday. The stock has a market capitalization of $259.12 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.90 and a beta of 1.51. ASML Holding has a 1-year low of $654.77 and a 1-year high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $756.70 and a two-hundred day moving average price of $881.85.

ASML (NASDAQ:ASML) last released its quarterly earnings results 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 return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Equities analysts predict that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.

Analyst Ratings Changes

Several research firms have recently weighed in on ASML. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna decreased their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Sanford C. Bernstein reduced 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. Finally, Wells Fargo & Company reduced their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy 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 $970.60.

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.