Summit Securities Group LLC Purchases 2,019 Shares of ASML Holding N.V. (NASDAQ:ASML)

Summit Securities Group LLC grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 2,347.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,105 shares of the semiconductor company’s stock after acquiring an additional 2,019 shares during the quarter. ASML comprises approximately 0.2% of Summit Securities Group LLC’s holdings, making the stock its 29th largest holding. Summit Securities Group LLC’s holdings in ASML were worth $1,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Putney Financial Group LLC boosted its position in shares of ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 29 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of ASML during the 1st quarter valued at approximately $27,000. Knuff & Co LLC bought a new position in shares of ASML during the 1st quarter valued at approximately $33,000. Wayfinding Financial LLC bought a new position in shares of ASML during the 1st quarter valued at approximately $35,000. Finally, Pinnacle Bancorp Inc. bought a new stake in ASML in the first quarter worth $42,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price target on ASML from $840.00 to $890.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Citigroup restated a “buy” rating on shares of ASML in a research report on Monday, May 19th. Sanford C. Bernstein assumed coverage on ASML in a research report on Tuesday, June 17th. They issued a “market perform” rating and a $806.00 price target for the company. Erste Group Bank restated a “hold” rating on shares of ASML in a research report on Wednesday, July 23rd. Finally, New Street Research upgraded ASML from a “neutral” rating to a “buy” rating in a research report on Thursday, July 24th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $923.80.

ASML Stock Performance

ASML stock opened at $742.16 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $757.89 and its two-hundred day simple moving average is $725.57. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05. The firm has a market cap of $291.98 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.51 and a beta of 1.76.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The business had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter in the previous year, the business earned $4.01 EPS. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were paid a dividend of $1.856 per share. This is an increase from ASML’s previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, July 29th. ASML’s payout ratio is 26.17%.

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.