Summit Securities Group LLC bought a new position in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, Holdings Channel reports. The firm bought 7,404 shares of the semiconductor company’s stock, valued at approximately $965,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position in ASML Holding N.V. by 15.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,213 shares of the semiconductor company’s stock worth $427,000 after buying an additional 424 shares during the last quarter. Anderson Hoagland & Co. raised its position in ASML Holding N.V. by 27.8% in the first quarter. Anderson Hoagland & Co. now owns 9,185 shares of the semiconductor company’s stock worth $1,220,000 after buying an additional 2,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ASML Holding N.V. by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 122,392 shares of the semiconductor company’s stock worth $13,732,000 after buying an additional 1,633 shares during the last quarter. Reilly Financial Advisors LLC acquired a new position in ASML Holding N.V. during the first quarter worth $950,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in ASML Holding N.V. during the first quarter worth $1,504,000. 16.78% of the stock is currently owned by institutional investors and hedge funds.

ASML Holding N.V. (ASML) opened at 150.18 on Friday. The firm has a market capitalization of $64.66 billion, a price-to-earnings ratio of 28.90 and a beta of 1.09. ASML Holding N.V. has a one year low of $98.71 and a one year high of $155.73. The firm has a 50-day moving average price of $143.23 and a 200-day moving average price of $132.57.

ASML Holding N.V. (NASDAQ:ASML) last released its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts expect that ASML Holding N.V. will post $4.93 EPS for the current year.

ASML Holding N.V. announced that its board has initiated a share buyback program on Wednesday, July 19th that permits the company to repurchase shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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ASML has been the topic of a number of recent analyst reports. Bank of America Corporation reissued a “buy” rating and set a $165.00 target price (up from $140.00) on shares of ASML Holding N.V. in a report on Sunday, June 25th. Citigroup Inc. raised ASML Holding N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of ASML Holding N.V. in a report on Wednesday, May 31st. Cowen and Company reissued an “outperform” rating on shares of ASML Holding N.V. in a report on Sunday, April 23rd. Finally, Stifel Nicolaus raised ASML Holding N.V. from a “hold” rating to a “buy” rating in a report on Thursday, April 20th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. ASML Holding N.V. presently has a consensus rating of “Buy” and a consensus target price of $158.00.

About ASML Holding N.V.

ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.

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Institutional Ownership by Quarter for ASML Holding N.V. (NASDAQ:ASML)

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