Summit Securities Group LLC Takes $60,000 Position in ASML Holding (NASDAQ:ASML)

Summit Securities Group LLC acquired a new position in ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 86 shares of the semiconductor company’s stock, valued at approximately $60,000.

Several other institutional investors also recently modified their holdings of ASML. Arrowstreet Capital Limited Partnership raised its position in ASML by 1,683.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,590 shares of the semiconductor company’s stock valued at $26,746,000 after purchasing an additional 36,426 shares in the last quarter. American Money Management LLC raised its holdings in shares of ASML by 2.0% during the 4th quarter. American Money Management LLC now owns 7,806 shares of the semiconductor company’s stock valued at $5,410,000 after buying an additional 151 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in ASML by 8.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,565 shares of the semiconductor company’s stock worth $1,085,000 after buying an additional 128 shares in the last quarter. Ramirez Asset Management Inc. grew its position in ASML by 0.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 7,369 shares of the semiconductor company’s stock valued at $5,107,000 after acquiring an additional 56 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its position in ASML by 151.1% during the fourth quarter. Frazier Financial Advisors LLC now owns 226 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 136 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ASML shares. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, BNP Paribas started coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $937.00.

ASML Stock Down 2.3 %

NASDAQ ASML opened at $674.58 on Monday. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The stock has a market capitalization of $265.39 billion, a PE ratio of 32.43, a PEG ratio of 1.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The business’s 50-day moving average is $727.46 and its 200 day moving average is $731.53.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Sell-side analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be given a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Monday, April 28th. ASML’s dividend payout ratio (DPR) is currently 31.35%.

ASML 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.