Summit Investment Advisors Inc. Purchases 134 Shares of ASML Holding N.V. $ASML

Summit Investment Advisors Inc. grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,956 shares of the semiconductor company’s stock after purchasing an additional 134 shares during the quarter. Summit Investment Advisors Inc.’s holdings in ASML were worth $1,959,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Princeton Global Asset Management LLC lifted its position in shares of ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares in the last quarter. Washington Trust Advisors Inc. lifted its holdings in ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after buying an additional 22 shares in the last quarter. Maseco LLP bought a new position in ASML in the 2nd quarter valued at $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of ASML in the 1st quarter valued at $27,000. Finally, Costello Asset Management INC raised its position in shares of ASML by 147.1% during the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 25 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Stock Down 1.2%

Shares of NASDAQ:ASML opened at $1,016.96 on Monday. The company has a 50 day moving average price of $952.53 and a two-hundred day moving average price of $818.25. The company has a market capitalization of $399.95 billion, a PE ratio of 41.39, a PEG ratio of 1.76 and a beta of 1.88. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.28 EPS. Analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a dividend of $1.857 per share. This is an increase from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s payout ratio is 25.76%.

Analyst Ratings Changes

A number of analysts recently commented on ASML shares. Arete Research upgraded ASML to a “strong-buy” rating in a research report on Friday, September 12th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Tuesday, October 7th. Mizuho raised shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. Morningstar lowered shares of ASML to a “hold” rating in a report on Thursday, September 18th. Finally, New Street Research reissued a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,076.33.

About ASML

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.