Congress Park Capital LLC Takes Position in ASML Holding (NASDAQ:ASML)

Congress Park Capital LLC acquired a new position in shares of ASML Holding (NASDAQ:ASML) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,556 shares of the semiconductor company’s stock, valued at approximately $1,078,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in ASML by 94,079.7% during the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after buying an additional 491,096 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of ASML by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after acquiring an additional 474,653 shares during the last quarter. Tairen Capital Ltd increased its position in ASML by 321.2% during the 2nd quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company’s stock worth $207,559,000 after purchasing an additional 154,760 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in ASML in the 3rd quarter valued at about $125,952,000. Finally, Pathway Financial Advisers LLC lifted its holdings in ASML by 97,001.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company’s stock valued at $94,665,000 after purchasing an additional 113,492 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ ASML opened at $750.28 on Friday. The business has a 50 day moving average price of $703.52 and a two-hundred day moving average price of $801.32. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The firm has a market cap of $295.18 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Sell-side analysts expect that ASML Holding will post 20.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ASML has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. lowered their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein dropped their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

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.