Rep. Marjorie Taylor Greene Buys ASML Holding (NASDAQ:ASML) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of ASML Holding (NASDAQ:ASML). In a filing disclosed on October 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in ASML stock on October 21st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Nestlé (OTCMKTS:NSRGY) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 10/21/2024.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 10/4/2024.

ASML Trading Down 1.5 %

Shares of NASDAQ:ASML traded down $10.79 during trading on Wednesday, reaching $710.12. 701,678 shares of the stock were exchanged, compared to its average volume of 1,384,420. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 12-month low of $581.57 and a 12-month high of $1,110.09. The firm has a market cap of $280.21 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The firm’s 50-day moving average price is $828.69 and its 200 day moving average price is $912.16.

ASML Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ASML shares. Wells Fargo & Company decreased their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Sanford C. Bernstein decreased their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $970.60.

Hedge Funds Weigh In On ASML

Institutional investors and hedge funds have recently made changes to their positions in the business. Resources Management Corp CT ADV purchased a new position in shares of ASML during the 2nd quarter valued at approximately $26,000. WD Rutherford LLC acquired a new stake in shares of ASML during the 1st quarter valued at approximately $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML during the 2nd quarter valued at approximately $31,000. First Community Trust NA acquired a new stake in shares of ASML during the 2nd quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of ASML during the 2nd quarter valued at approximately $36,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.