Congress Asset Management Co. MA acquired a new position in ASML Holding (NASDAQ:ASML) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,392 shares of the semiconductor company's stock, valued at approximately $4,585,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its holdings in ASML by 4.0% in the third quarter. Orion Portfolio Solutions LLC now owns 550 shares of the semiconductor company's stock worth $228,000 after purchasing an additional 21 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its holdings in ASML by 15.6% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 163 shares of the semiconductor company's stock worth $68,000 after purchasing an additional 22 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in ASML by 1.6% in the third quarter. Verdence Capital Advisors LLC now owns 1,436 shares of the semiconductor company's stock worth $596,000 after purchasing an additional 22 shares in the last quarter. Penobscot Investment Management Company Inc. raised its holdings in ASML by 2.7% in the third quarter. Penobscot Investment Management Company Inc. now owns 886 shares of the semiconductor company's stock worth $368,000 after purchasing an additional 23 shares in the last quarter. Finally, Westover Capital Advisors LLC raised its holdings in ASML by 0.9% in the second quarter. Westover Capital Advisors LLC now owns 2,720 shares of the semiconductor company's stock worth $1,294,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 18.61% of the company's stock.
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Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on ASML in a report on Wednesday, January 18th. They set an "outperform" rating for the company. Barclays assumed coverage on ASML in a report on Tuesday, January 17th. They set an "equal weight" rating for the company. JPMorgan Chase & Co. raised their price target on ASML from $710.00 to $752.00 and gave the company an "overweight" rating in a report on Thursday, January 26th. Argus raised their price target on ASML from $590.00 to $775.00 and gave the company a "buy" rating in a report on Thursday, January 26th. Finally, StockNews.com assumed coverage on ASML in a report on Thursday, March 16th. They set a "buy" rating for the company. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.92.
ASML Price Performance
NASDAQ ASML opened at $647.53 on Friday. ASML Holding has a one year low of $363.15 and a one year high of $714.62. The stock has a 50-day moving average of $646.60 and a 200 day moving average of $564.93. The company has a market capitalization of $255.51 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 1.04 and a beta of 1.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.28.
ASML Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 10th. Shareholders of record on Tuesday, May 2nd will be given a $1.267 dividend. The ex-dividend date of this dividend is Monday, May 1st. This represents a $5.07 annualized dividend and a yield of 0.78%. ASML's payout ratio is 30.53%.
About ASML
ASML Holding NV engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems. It operates through the following geographical segments: Japan, South Korea, Singapore, China, Rest of Asia, Netherlands, Europe, the Middle East and Africa (EMEA), and United States.