Fernbridge Capital Management LP Makes New $27.73 Million Investment in ASML Holding (NASDAQ:ASML)

Fernbridge Capital Management LP purchased a new position in ASML Holding (NASDAQ:ASML) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,279 shares of the semiconductor company’s stock, valued at approximately $27,730,000. ASML comprises 1.7% of Fernbridge Capital Management LP’s holdings, making the stock its 21st largest position.

Several other large investors also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of ASML in the 3rd quarter worth $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the second quarter worth $26,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML during the 3rd quarter valued at $28,000. Triad Wealth Partners LLC bought a new stake in ASML during the second quarter valued at about $31,000. Finally, First Community Trust NA purchased a new position in shares of ASML in the second quarter valued at about $34,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Down 1.8 %

Shares of NASDAQ ASML opened at $671.97 on Wednesday. The stock has a 50 day moving average price of $739.87 and a 200 day moving average price of $870.11. The firm has a market capitalization of $264.37 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 1.99 and a beta of 1.51. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

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

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. ASML’s payout ratio is presently 29.21%.

Analyst Upgrades and Downgrades

ASML has been the topic of several recent analyst reports. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna dropped their target price 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. Wells Fargo & Company decreased 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. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

About ASML

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.