Summit Securities Group LLC Raises Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Summit Securities Group LLC significantly increased its stock holdings in ASML Holding N.V. by 2,347.7% during the first quarter, bringing its total to 2,105 shares valued at approximately $1.4 million.
• ASML recently declared a quarterly dividend of $1.856 per share, up from the previous $1.64, resulting in an annualized dividend yield of 1.0%.
• Despite reporting quarterly earnings per share of $4.55, ASML missed expectations by $1.39, though it achieved 23.2% year-over-year revenue growth of $8.94 billion.

Summit Securities Group LLC boosted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 2,347.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,105 shares of the semiconductor company's stock after buying an additional 2,019 shares during the quarter. ASML accounts for approximately 0.2% of Summit Securities Group LLC's holdings, making the stock its 29th biggest position. Summit Securities Group LLC's holdings in ASML were worth $1,395,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wealthcare Advisory Partners LLC increased its position in shares of ASML by 12.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company's stock valued at $266,000 after purchasing an additional 44 shares during the last quarter. Rhumbline Advisers increased its position in shares of ASML by 12.7% during the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after purchasing an additional 947 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of ASML by 1.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company's stock valued at $2,304,000 after purchasing an additional 55 shares during the last quarter. Lyell Wealth Management LP increased its position in shares of ASML by 2.4% during the 1st quarter. Lyell Wealth Management LP now owns 19,483 shares of the semiconductor company's stock valued at $12,910,000 after purchasing an additional 459 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of ASML by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock valued at $22,806,000 after purchasing an additional 763 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Trading Down 1.7%

ASML stock opened at $742.16 on Friday. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $945.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. The company has a market capitalization of $291.98 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.51 and a beta of 1.76. The business has a 50 day simple moving average of $757.89 and a two-hundred day simple moving average of $725.57.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $8.72 billion. During the same quarter in the previous year, the company earned $4.01 earnings per share. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. Research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were paid a $1.856 dividend. This represents a $7.42 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is currently 26.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ASML shares. Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Sanford C. Bernstein initiated coverage on shares of ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price for the company. New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company increased their target price on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

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.

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