Newbridge Financial Services Group Inc. Sells 43 Shares of ASML Holding (NASDAQ:ASML)

Newbridge Financial Services Group Inc. lessened its holdings in ASML Holding (NASDAQ:ASML) by 39.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67 shares of the semiconductor company’s stock after selling 43 shares during the period. Newbridge Financial Services Group Inc.’s holdings in ASML were worth $68,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harvard Management Co. Inc. boosted its stake in shares of ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after acquiring an additional 66,000 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in ASML by 41.1% during the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after purchasing an additional 1,007 shares during the period. Point72 DIFC Ltd increased its position in ASML by 122.1% in the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after buying an additional 3,527 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of ASML by 169.4% in the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after buying an additional 14,682 shares during the period. Finally, Burford Brothers Inc. purchased a new position in shares of ASML during the 4th quarter valued at about $761,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.0 %

Shares of ASML stock opened at $832.41 on Friday. The stock’s 50-day moving average price is $850.05 and its 200-day moving average price is $930.28. ASML Holding has a 12-month low of $573.86 and a 12-month high of $1,110.09. The stock has a market capitalization of $328.46 billion, a price-to-earnings ratio of 42.51, 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.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.37 EPS. Equities research analysts predict that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a dividend of $1.8732 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.90%. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is 28.50%.

Wall Street Analysts Forecast Growth

ASML has been the subject of several analyst reports. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company decreased their price objective on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,110.80.

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.