Allianz Asset Management GmbH boosted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 67.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,769 shares of the semiconductor company’s stock after buying an additional 11,975 shares during the quarter. Allianz Asset Management GmbH’s holdings in ASML were worth $5,096,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ASML. Massey Quick Simon & CO. LLC purchased a new position in ASML in the third quarter worth $108,000. Northeast Investment Management purchased a new position in ASML in the third quarter worth $209,000. Adviser Investments LLC purchased a new position in ASML in the third quarter worth $229,000. Mckinley Capital Management LLC Delaware purchased a new position in ASML in the second quarter worth $265,000. Finally, Legal & General Group Plc purchased a new position in ASML in the third quarter worth $283,000. 16.59% of the stock is currently owned by institutional investors.
ASML has been the topic of several analyst reports. Zacks Investment Research lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Susquehanna Bancshares raised shares of ASML from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $130.00 to $190.00 in a report on Monday, September 18th. Sanford C. Bernstein reissued an “outperform” rating and set a $184.00 price objective (up from $172.50) on shares of ASML in a report on Thursday, September 21st. Royal Bank of Canada reissued a “hold” rating and set a $155.00 price objective on shares of ASML in a report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of ASML in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $178.29.
ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.22 billion. ASML had a net margin of 23.81% and a return on equity of 19.28%. The business’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. analysts predict that ASML Holding N.V. will post 5.23 EPS for the current fiscal year.
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ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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