Congress Wealth Management LLC DE Has $1 Million Position in ASML Holding (NASDAQ:ASML)

Congress Wealth Management LLC DE lessened its stake in ASML Holding (NASDAQ:ASML) by 6.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,442 shares of the semiconductor company’s stock after selling 98 shares during the quarter. Congress Wealth Management LLC DE’s holdings in ASML were worth $1,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. Charles Schwab Investment Management Inc. lifted its holdings in shares of ASML by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 49,472 shares of the semiconductor company’s stock valued at $41,223,000 after buying an additional 3,000 shares during the last quarter. Hancock Whitney Corp bought a new position in ASML during the third quarter valued at approximately $274,000. Dai ichi Life Insurance Company Ltd acquired a new stake in ASML in the third quarter valued at approximately $2,250,000. D.A. Davidson & CO. grew its position in ASML by 8.9% in the third quarter. D.A. Davidson & CO. now owns 3,542 shares of the semiconductor company’s stock worth $2,951,000 after acquiring an additional 289 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of ASML during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ASML. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Sanford C. Bernstein dropped their price target 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Trading Down 2.1 %

Shares of ASML stock opened at $690.63 on Friday. The company has a market cap of $271.71 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.62 and a beta of 1.54. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company’s fifty day simple moving average is $729.10 and its 200-day simple moving average is $732.67. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. As a group, sell-side analysts expect that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th were issued a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date was Tuesday, February 11th. ASML’s dividend payout ratio is 31.35%.

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.