Concorde Asset Management LLC Takes $846,000 Position in ASML Holding (NASDAQ:ASML)

Concorde Asset Management LLC purchased a new stake in shares of ASML Holding (NASDAQ:ASML) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,292 shares of the semiconductor company’s stock, valued at approximately $846,000.

Other hedge funds have also recently modified their holdings of the company. Winslow Capital Management LLC acquired a new stake in shares of ASML in the second quarter worth $189,142,000. WCM Investment Management LLC raised its holdings in ASML by 3.9% during the second quarter. WCM Investment Management LLC now owns 4,244,504 shares of the semiconductor company’s stock valued at $1,562,105,000 after buying an additional 158,186 shares in the last quarter. Morgan Stanley raised its holdings in ASML by 139.0% during the first quarter. Morgan Stanley now owns 194,265 shares of the semiconductor company’s stock valued at $50,827,000 after buying an additional 112,979 shares in the last quarter. Fisher Asset Management LLC raised its holdings in ASML by 2.7% during the second quarter. Fisher Asset Management LLC now owns 3,545,831 shares of the semiconductor company’s stock valued at $1,304,972,000 after buying an additional 92,254 shares in the last quarter. Finally, FMR LLC raised its holdings in ASML by 1.8% during the second quarter. FMR LLC now owns 4,945,880 shares of the semiconductor company’s stock valued at $1,820,232,000 after buying an additional 86,494 shares in the last quarter. Institutional investors own 18.21% of the company’s stock.

ASML stock traded down $11.70 during trading on Monday, hitting $366.86. The company had a trading volume of 14,773 shares, compared to its average volume of 871,819. The company has a quick ratio of 1.99, a current ratio of 2.92 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $372.81 and a 200-day moving average price of $349.74. ASML Holding has a 12 month low of $191.25 and a 12 month high of $409.11. The stock has a market cap of $158.92 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 1.92 and a beta of 0.95.

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, November 3rd will be given a $1.4095 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 2nd. This is a boost from ASML’s previous semi-annual dividend of $1.27. ASML’s payout ratio is 35.99%.

Several research firms have weighed in on ASML. Wells Fargo & Company raised their target price on ASML from $410.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Monday, September 28th. Royal Bank of Canada lifted their price objective on ASML from $300.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Zacks Investment Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ASML in a research note on Friday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. ASML has an average rating of “Buy” and an average target price of $383.60.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture variosus range of semiconductor nodes and technologies.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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