WealthBridge Capital Management LLC Purchases New Shares in ASML Holding (NASDAQ:ASML)

WealthBridge Capital Management LLC acquired a new stake in ASML Holding (NASDAQ:ASML) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 284 shares of the semiconductor company’s stock, valued at approximately $237,000.

A number of other institutional investors have also recently bought and sold shares of ASML. American Capital Advisory LLC bought a new position in shares of ASML during the 1st quarter worth $26,000. Resources Management Corp CT ADV bought a new stake in ASML in the 2nd quarter worth approximately $26,000. WD Rutherford LLC purchased a new stake in shares of ASML in the 1st quarter valued at $29,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the 2nd quarter valued at $31,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of ASML in the 4th quarter valued at $34,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASML. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company decreased their price target on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Susquehanna increased their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,110.80.

ASML Price Performance

NASDAQ ASML opened at $817.25 on Tuesday. ASML Holding has a 1-year low of $573.86 and a 1-year high of $1,110.09. The business’s fifty day moving average price is $848.94 and its 200-day moving average price is $929.08. The stock has a market capitalization of $322.48 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 1.97 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm earned $5.37 EPS. ASML’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts predict that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is presently 28.50%.

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.