Summit Securities Group LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Summit Securities Group LLC bought a new stake in shares of ASML Holding (NASDAQ:ASML) during the fourth quarter, HoldingsChannel reports. The firm bought 86 shares of the semiconductor company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kennebec Savings Bank boosted its stake in ASML by 227.3% during the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 25 shares in the last quarter. Wellington Shields & Co. LLC boosted its position in shares of ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of ASML in the 4th quarter worth approximately $31,000. Albion Financial Group UT increased its position in ASML by 133.3% during the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 32 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in ASML during the fourth quarter valued at $39,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ASML Price Performance

ASML opened at $674.58 on Monday. The company’s 50-day simple moving average is $727.46 and its two-hundred day simple moving average is $731.53. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The stock has a market capitalization of $265.39 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. As a group, analysts predict that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be given a dividend of $1.5855 per share. The ex-dividend date is Monday, April 28th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is 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.