BayBridge Capital Group LLC Buys Shares of 1,275 ASML Holding (NASDAQ:ASML)

BayBridge Capital Group LLC purchased a new position in shares of ASML Holding (NASDAQ:ASML) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,275 shares of the semiconductor company’s stock, valued at approximately $1,062,000.

Several other large investors also recently added to or reduced their stakes in ASML. Resources Management Corp CT ADV bought a new stake in ASML during the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the second quarter valued at $31,000. First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter valued at $34,000. POM Investment Strategies LLC purchased a new stake in ASML during the 2nd quarter worth about $36,000. Finally, LRI Investments LLC bought a new position in ASML in the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.1 %

Shares of ASML stock opened at $711.70 on Friday. The business has a 50-day moving average price of $820.92 and a two-hundred day moving average price of $909.35. ASML Holding has a 12-month low of $582.48 and a 12-month high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market cap of $280.83 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be given a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. ASML’s payout ratio is 28.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ASML shares. Sanford C. Bernstein decreased their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Berenberg Bank upgraded 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 given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.