Rep. Jonathan L. Jackson Sells Off Shares of ASML Holding (NASDAQ:ASML)

Representative Jonathan L. Jackson (D-Illinois) recently sold shares of ASML Holding (NASDAQ:ASML). In a filing disclosed on November 29th, the Representative disclosed that they had sold between $15,001 and $50,000 in ASML stock on October 28th. The trade occurred in the Representative’s “MORGAN STANLEY TRUST ACCOUNT” account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 10/28/2024.
• Purchased $15,001 – $50,000 in shares of General Dynamics (NYSE:GD) on 9/24/2024.
• Sold $15,001 – $50,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 9/24/2024.
• Purchased $15,001 – $50,000 in shares of Aramark (NYSE:ARMK) on 9/19/2024.
• Sold $15,001 – $50,000 in shares of AES (NYSE:AES) on 9/19/2024.

ASML Price Performance

ASML stock opened at $711.47 on Tuesday. The firm has a market cap of $279.91 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 1.99 and a beta of 1.51. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The company’s fifty day simple moving average is $732.20 and its 200 day simple moving average is $864.88. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, analysts expect that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. ASML’s dividend payout ratio is currently 29.21%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of ASML in the 3rd quarter valued at about $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML in the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC purchased a new position in shares of ASML in the 3rd quarter valued at $28,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the 2nd quarter worth $31,000. Finally, First Community Trust NA purchased a new stake in shares of ASML during the 2nd quarter worth $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $961.00.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. Jackson assumed office on January 3, 2023. Jackson’s current term ends on January 3, 2025. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. Jackson declared candidacy for the 2024 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.

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.