ASML Holding N.V. $ASML Holdings Raised by Summit Wealth Group LLC Co.

Key Points

• Summit Wealth Group increased its ASML stake by 341.8% in the third quarter, ending with 2,240 shares valued at approximately $4.06 million. Institutional investors collectively own 26.07% of the company.
• ASML reported quarterly revenue of $13.27 billion and EPS of $14.71, with a 34.10% net margin and 64.24% return on equity. The stock opened at $1,526.14, below its 50-day moving average of $1,699.96.
• The company reduced its quarterly dividend to $2.1077 from $2.1507, representing a 0.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $2,079.12.

Summit Wealth Group LLC Co. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 341.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,240 shares of the semiconductor company's stock after buying an additional 1,733 shares during the period. Summit Wealth Group LLC Co.'s holdings in ASML were worth $4,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ASML. Van ECK Associates Corp grew its stake in ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock valued at $4,892,869,000 after acquiring an additional 592,125 shares in the last quarter. BlackRock Inc. increased its holdings in ASML by 4.9% in the 2nd quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company's stock valued at $2,550,840,000 after acquiring an additional 59,888 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock worth $2,168,227,000 after purchasing an additional 96,860 shares in the last quarter. Bank of America Corp DE lifted its stake in ASML by 1.2% in the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company's stock worth $2,060,833,000 after purchasing an additional 19,051 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of ASML by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company's stock valued at $1,364,963,000 after purchasing an additional 18,768 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Price Performance

ASML stock opened at $1,526.14 on Tuesday. ASML Holding N.V. has a 52-week low of $946.11 and a 52-week high of $1,999.96. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09. The firm's fifty day moving average is $1,699.96 and its 200 day moving average is $1,597.10. The company has a market cap of $588.20 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 0.69 and a beta of 1.77.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The business had revenue of $13.27 billion during the quarter. Sell-side analysts forecast that ASML Holding N.V. will post 46.54 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be given a $2.1077 dividend. This is a decrease from ASML's previous quarterly dividend of $2.1507. This represents a $8.43 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, October 27th. ASML's dividend payout ratio (DPR) is 17.53%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ASML shares. Weiss Ratings lowered ASML from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on ASML from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a research report on Thursday, October 15th. Wall Street Zen raised ASML from a "hold" rating to a "buy" rating in a research note on Saturday, October 17th. DZ Bank raised ASML from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Barclays restated an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $2,079.12.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML's product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.

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