Principal Financial Group Inc. raised its position in ASML Holding (NASDAQ:ASML - Free Report) by 104.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,009 shares of the semiconductor company's stock after buying an additional 3,580 shares during the period. Principal Financial Group Inc.'s holdings in ASML were worth $5,840,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Hilltop National Bank boosted its holdings in shares of ASML by 1.0% during the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company's stock worth $997,000 after purchasing an additional 10 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of ASML by 1.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company's stock worth $1,159,000 after purchasing an additional 12 shares during the last quarter. Pure Financial Advisors LLC boosted its holdings in shares of ASML by 2.8% during the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company's stock worth $454,000 after purchasing an additional 12 shares during the last quarter. First Pacific Financial boosted its holdings in shares of ASML by 1.1% during the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company's stock worth $1,146,000 after purchasing an additional 12 shares during the last quarter. Finally, RMR Wealth Builders boosted its holdings in shares of ASML by 0.6% during the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company's stock worth $2,162,000 after purchasing an additional 12 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.
ASML Stock Down 0.6 %
Shares of NASDAQ ASML opened at $658.43 on Thursday. The firm has a market cap of $259.04 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 1.90 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The business's 50 day moving average is $750.39 and its two-hundred day moving average is $877.18.
ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. Research analysts predict that ASML Holding will post 20.77 EPS for the current year.
ASML Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML's dividend payout ratio is currently 29.21%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Berenberg Bank upgraded ASML to a "strong-buy" rating in a report on Wednesday, October 2nd. Barclays upgraded ASML from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 30th. Morgan Stanley cut ASML from an "overweight" rating to an "equal weight" rating in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on ASML from $1,207.00 to $1,148.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Finally, Sanford C. Bernstein decreased their price objective on ASML from $1,052.00 to $815.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $970.60.
Read Our Latest Report on ASML
ASML Company Profile
(
Free Report)
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.
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