Principal Financial Group Inc. Buys 1,777 Shares of ASML Holding N.V. (NASDAQ:ASML)

Principal Financial Group Inc. grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 17.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,802 shares of the semiconductor company’s stock after purchasing an additional 1,777 shares during the period. Principal Financial Group Inc.’s holdings in ASML were worth $7,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ASML. Mutual Advisors LLC grew its stake in ASML by 2.8% during the first quarter. Mutual Advisors LLC now owns 2,147 shares of the semiconductor company’s stock valued at $1,454,000 after acquiring an additional 58 shares in the last quarter. Capstone Wealth Management Group LLC boosted its stake in shares of ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 124 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of ASML by 132.5% in the 1st quarter. Resonant Capital Advisors LLC now owns 837 shares of the semiconductor company’s stock valued at $555,000 after purchasing an additional 477 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of ASML in the 1st quarter valued at $200,000. Finally, First Horizon Advisors Inc. boosted its position in ASML by 3.2% during the 1st quarter. First Horizon Advisors Inc. now owns 516 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 16 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the subject of several research analyst reports. Susquehanna dropped their target price on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Citigroup restated a “buy” rating on shares of ASML in a research note on Monday, May 19th. Barclays reissued an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Jefferies Financial Group downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company lifted their price target on shares of ASML from $840.00 to $890.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $923.80.

ASML Trading Up 2.0%

Shares of ASML opened at $823.02 on Wednesday. The company’s fifty day moving average is $767.23 and its 200 day moving average is $726.96. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,077.05. The stock has a market capitalization of $323.79 billion, a PE ratio of 34.68, a P/E/G ratio of 1.69 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $6.12 by $0.19. The business had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. Sell-side analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Profile

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.