Congress Asset Management Co. MA Has $7.12 Million Stake in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jun 17th, 2024 
Congress Asset Management Co. MA decreased its position in ASML Holding (NASDAQ:ASML – Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,412 shares of the semiconductor company’s stock after selling 120 shares during the quarter. Congress Asset Management Co. MA’s holdings in ASML were worth $7,124,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC grew its position in shares of ASML by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock valued at $3,767,464,000 after purchasing an additional 105,196 shares during the last quarter. Sands Capital Management LLC grew its position in ASML by 8.1% during the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after buying an additional 121,847 shares in the last quarter. Clearbridge Investments LLC grew its position in ASML by 2.7% during the fourth quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after buying an additional 32,623 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in ASML by 2.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,173,324 shares of the semiconductor company’s stock worth $888,112,000 after buying an additional 24,368 shares in the last quarter. Finally, Jennison Associates LLC grew its position in ASML by 15.3% during the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after buying an additional 151,844 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
A number of brokerages recently issued reports on ASML. Sanford C. Bernstein reduced their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. HSBC assumed coverage on ASML in a research report on Thursday, February 22nd. They set a “buy” rating for the company. Evercore ISI assumed coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company raised their target price on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,036.00.
Read Our Latest Analysis on ASML
Shares of ASML opened at $1,027.90 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The stock has a 50-day moving average of $947.08 and a 200-day moving average of $885.52. The company has a market cap of $405.60 billion, a PE ratio of 52.50, a P/E/G ratio of 2.17 and a beta of 1.49. ASML Holding has a one year low of $563.99 and a one year high of $1,077.22.
ASML (NASDAQ:ASML – Get Free Report) last issued its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating the consensus estimate of $2.84 by $0.54. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, equities research analysts predict that ASML Holding will post 20.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were paid a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.52%. ASML’s dividend payout ratio (DPR) is currently 32.53%.
(Free Report)
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.
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