Principal Financial Group Inc. lessened its stake in shares of ASML Holding (NASDAQ:ASML) by 58.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400 shares of the semiconductor company’s stock after selling 554 shares during the period. Principal Financial Group Inc.’s holdings in ASML were worth $276,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ASML by 1,100.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 33 shares during the last quarter. Key Financial Inc grew its stake in shares of ASML by 620.0% in the second quarter. Key Financial Inc now owns 36 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 31 shares during the last quarter. Wagner Wealth Management LLC acquired a new stake in shares of ASML in the first quarter worth $31,000. Clean Yield Group acquired a new stake in shares of ASML in the second quarter worth $36,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of ASML by 391.7% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 59 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 18.18% of the company’s stock.
Several equities research analysts have recently issued reports on ASML shares. Bank of America restated a “buy” rating and issued a $966.00 price objective on shares of ASML in a research note on Wednesday, September 29th. New Street Research downgraded shares of ASML from a “buy” rating to a “neutral” rating and set a $660.00 price objective on the stock. in a research note on Tuesday, September 28th. Zacks Investment Research downgraded shares of ASML from a “hold” rating to a “sell” rating in a research note on Monday, October 4th. UBS Group reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, September 15th. Finally, Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Wednesday, September 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Buy” and an average target price of $801.33.
ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, July 20th. The semiconductor company reported $3.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.93 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.12 billion. ASML had a return on equity of 36.29% and a net margin of 28.82%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period last year, the business earned $1.79 earnings per share. Analysts predict that ASML Holding will post 16.04 earnings per share for the current year.
ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, the Netherlands.
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