ASML Holding (NASDAQ:ASML) Plans Quarterly Dividend of $1.58

ASML Holding (NASDAQ:ASML) announced a quarterly dividend on Thursday, January 25th, Wall Street Journal reports. Shareholders of record on Monday, April 29th will be paid a dividend of 1.5794 per share by the semiconductor company on Tuesday, May 7th. This represents a $6.32 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from ASML’s previous quarterly dividend of $1.53.

ASML has a dividend payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect ASML to earn $30.62 per share next year, which means the company should continue to be able to cover its $7.60 annual dividend with an expected future payout ratio of 24.8%.

ASML Trading Down 1.0 %

NASDAQ:ASML opened at $892.32 on Thursday. The firm’s 50 day moving average is $956.36 and its 200 day moving average is $801.54. ASML has a 12 month low of $563.99 and a 12 month high of $1,056.34. The stock has a market capitalization of $352.10 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 2.25 and a beta of 1.48. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. Sell-side analysts expect that ASML will post 20.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ASML shares. Sanford C. Bernstein reduced their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Wells Fargo & Company raised their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Cantor Fitzgerald assumed coverage on ASML in a research report on Tuesday, January 23rd. They issued an “overweight” rating on the stock. Raymond James boosted their target price on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Finally, Susquehanna raised their price target on ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

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.