Summit Investment Advisors Inc. Has $1.96 Million Stock Holdings in ASML Holding N.V. $ASML

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

Other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. acquired a new position in shares of ASML during the 1st quarter valued at about $360,262,000. Invesco Ltd. lifted its holdings in ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares during the last quarter. Amundi grew its holdings in ASML by 91.6% during the first quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock valued at $403,215,000 after purchasing an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. grew its holdings in ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after purchasing an additional 268,172 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after purchasing an additional 199,740 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Down 1.2%

Shares of ASML opened at $1,016.96 on Monday. The stock’s 50-day moving average price is $952.53 and its 200 day moving average price is $818.25. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $399.95 billion, a price-to-earnings ratio of 41.39, a P/E/G ratio of 1.76 and a beta of 1.88. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,086.11.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.ASML’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $5.28 EPS. As a group, research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were issued a dividend of $1.857 per share. 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. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is 25.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Rothschild Redb upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Susquehanna increased their target price on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company lifted their price target on ASML from $1,105.00 to $1,140.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.