Hancock Whitney Corp Invests $274,000 in ASML Holding (NASDAQ:ASML)

Hancock Whitney Corp purchased a new stake in shares of ASML Holding (NASDAQ:ASML) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 329 shares of the semiconductor company’s stock, valued at approximately $274,000.

A number of other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in ASML in the 3rd quarter worth $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in ASML in the third quarter worth about $28,000. Triad Wealth Partners LLC purchased a new stake in ASML in the second quarter worth about $31,000. Finally, First Community Trust NA bought a new stake in ASML during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research analyst reports. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein dropped their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Price Performance

Shares of NASDAQ ASML opened at $670.48 on Thursday. The firm has a market cap of $263.78 billion, a P/E ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $737.53 and a 200 day moving average of $868.72.

ASML (NASDAQ:ASML) last announced its quarterly 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 firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. As a group, research analysts expect that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s dividend payout ratio is presently 29.21%.

ASML Company 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.