Ridgewood Investments LLC Has $222,000 Stake in ASML Holding (NASDAQ:ASML)

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

Other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in ASML in the third quarter valued at $25,000. Resources Management Corp CT ADV bought a new position in shares of ASML in the second quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in ASML during the third quarter worth about $28,000. Fortitude Family Office LLC increased its holdings in ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares during the period. Finally, Brooklyn Investment Group bought a new position in ASML in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Down 0.3 %

ASML stock traded down $1.88 during midday trading on Friday, reaching $742.10. 695,181 shares of the company’s stock traded hands, compared to its average volume of 1,381,192. The company has a market cap of $291.96 billion, a price-to-earnings ratio of 38.85, a P/E/G ratio of 2.07 and a beta of 1.47. The firm’s fifty day moving average price is $698.61 and its 200-day moving average price is $810.78. 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 Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last announced 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. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, sell-side analysts forecast that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.76%. ASML’s dividend payout ratio is currently 29.21%.

Analyst Ratings Changes

Several equities analysts have commented on ASML shares. JPMorgan Chase & Co. decreased 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 report on Thursday, October 17th. Wells Fargo & Company reduced their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. 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 note on Friday, October 11th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Sanford C. Bernstein cut their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Three 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

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.