WealthBridge Capital Management LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

WealthBridge Capital Management LLC purchased a new stake in shares of ASML Holding (NASDAQ:ASML) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 284 shares of the semiconductor company’s stock, valued at approximately $237,000.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in ASML by 18.4% in the third quarter. GAMMA Investing LLC now owns 1,918 shares of the semiconductor company’s stock valued at $1,598,000 after buying an additional 298 shares during the period. Eldred Rock Partners LLC increased its holdings in shares of ASML by 120.6% in the third quarter. Eldred Rock Partners LLC now owns 12,620 shares of the semiconductor company’s stock worth $10,516,000 after acquiring an additional 6,899 shares in the last quarter. Duncan Williams Asset Management LLC bought a new position in shares of ASML during the third quarter worth about $222,000. Abacus Wealth Partners LLC bought a new position in shares of ASML during the third quarter worth about $236,000. Finally, Trinity Financial Advisors LLC grew its holdings in shares of ASML by 24.9% during the third quarter. Trinity Financial Advisors LLC now owns 502 shares of the semiconductor company’s stock worth $433,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ASML. JPMorgan Chase & Co. increased their price target on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Susquehanna lifted their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company dropped their price target on 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. Three 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,110.80.

ASML Stock Performance

NASDAQ:ASML opened at $817.25 on Tuesday. The stock has a market cap of $322.48 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $848.94 and its 200-day moving average is $929.08. ASML Holding has a 1-year low of $573.86 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the business posted $5.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. Equities research analysts anticipate 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 issued a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is presently 28.50%.

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.