Goodman Advisory Group LLC Grows Holdings in ASML Holding (NASDAQ:ASML)

Goodman Advisory Group LLC increased its stake in ASML Holding (NASDAQ:ASML) by 24.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,042 shares of the semiconductor company’s stock after buying an additional 605 shares during the period. Goodman Advisory Group LLC’s holdings in ASML were worth $2,535,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new position in shares of ASML during the third quarter worth about $25,000. Resources Management Corp CT ADV bought a new stake in shares of ASML in the 2nd quarter valued at approximately $26,000. Milestone Investment Advisors LLC acquired a new position in ASML in the third quarter worth $28,000. Triad Wealth Partners LLC bought a new stake in ASML during the second quarter valued at $31,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of ASML during the second quarter worth $36,000. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Down 0.3 %

ASML stock opened at $706.52 on Tuesday. The firm has a market cap of $277.96 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm’s 50 day moving average price is $718.47 and its two-hundred day moving average price is $855.80. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. On average, research analysts predict that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ASML. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Susquehanna reduced their price objective on 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. Finally, Wells Fargo & Company cut their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

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.