Baldwin Investment Management LLC Acquires 100 Shares of ASML Holding (NASDAQ:ASML)

Baldwin Investment Management LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 12.5% during the third quarter, Holdings Channel reports. The firm owned 900 shares of the semiconductor company’s stock after purchasing an additional 100 shares during the period. Baldwin Investment Management LLC’s holdings in ASML were worth $750,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bayesian Capital Management LP bought a new stake in shares of ASML during the 1st quarter worth about $270,000. Tidal Investments LLC boosted its position in ASML by 1.4% during the first quarter. Tidal Investments LLC now owns 3,368 shares of the semiconductor company’s stock worth $3,269,000 after purchasing an additional 45 shares during the period. Strategic Wealth Partners Ltd. acquired a new position in ASML during the first quarter valued at approximately $206,000. LRI Investments LLC bought a new position in shares of ASML in the first quarter valued at approximately $37,000. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in shares of ASML by 9.9% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 777 shares of the semiconductor company’s stock worth $754,000 after buying an additional 70 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $671.97 on Wednesday. The stock has a market capitalization of $264.37 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The business’s fifty day moving average price is $739.87 and its two-hundred day moving average price is $870.11. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, analysts predict that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. ASML’s dividend payout ratio is 29.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein dropped their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML 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.