ASML Holding (NASDAQ:ASML) Declares Quarterly Dividend of $1.64

ASML Holding (NASDAQ:ASML) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Monday, April 28th will be given a dividend of 1.6414 per share by the semiconductor company on Tuesday, May 6th. This represents a $6.57 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from ASML’s previous quarterly dividend of $1.41.

ASML has increased its dividend payment by an average of 19.8% annually over the last three years. ASML has a payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ASML to earn $31.76 per share next year, which means the company should continue to be able to cover its $6.62 annual dividend with an expected future payout ratio of 20.8%.

ASML Stock Performance

ASML stock traded up $2.32 during midday trading on Friday, hitting $739.31. 1,977,633 shares of the company’s stock were exchanged, compared to its average volume of 2,071,207. The firm’s 50 day simple moving average is $718.04 and its 200 day simple moving average is $777.78. ASML has a 12-month low of $645.45 and a 12-month high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market cap of $290.86 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 50.53%. Equities research analysts predict that ASML will post 25.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company raised their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein dropped their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Susquehanna reduced their price objective 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, BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $937.00.

About ASML

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.