Ridgewood Investments LLC Purchases 282 Shares of ASML Holding (NASDAQ:ASML)

Ridgewood Investments LLC increased its position in ASML Holding (NASDAQ:ASML) by 742.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 320 shares of the semiconductor company’s stock after acquiring an additional 282 shares during the quarter. Ridgewood Investments LLC’s holdings in ASML were worth $222,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of ASML during the 3rd quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the 2nd quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML during the 3rd quarter valued at about $28,000. Fortitude Family Office LLC boosted its position in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in ASML in the third quarter valued at about $43,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. BNP Paribas initiated coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three 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 company currently has an average rating of “Moderate Buy” and an average target price of $943.83.

ASML Stock Down 0.3 %

Shares of ASML stock traded down $1.88 on Friday, hitting $742.10. The company had a trading volume of 695,181 shares, compared to its average volume of 1,381,192. The firm has a market capitalization of $291.96 billion, a P/E ratio of 38.85, a P/E/G ratio of 2.07 and a beta of 1.47. ASML Holding has a twelve month low of $645.45 and a twelve month 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. The stock has a 50-day moving average of $698.61 and a 200-day moving average of $810.78.

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, beating the consensus estimate of $5.24 by $0.56. The company 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%. Research analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced 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. This represents a $5.63 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

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.