ASML Holding (NASDAQ:ASML) Declares $1.41 Quarterly Dividend

ASML Holding (NASDAQ:ASML) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Tuesday, October 29th will be paid a dividend of 1.407 per share by the semiconductor company on Sunday, November 17th. This represents a $5.63 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Tuesday, October 29th.

ASML has increased its dividend by an average of 31.3% annually over the last three years. ASML has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ASML to earn $33.50 per share next year, which means the company should continue to be able to cover its $6.63 annual dividend with an expected future payout ratio of 19.8%.

ASML Stock Up 2.5 %

Shares of NASDAQ:ASML opened at $700.60 on Friday. ASML has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The firm’s 50 day moving average price is $837.18 and its 200 day moving average price is $918.35. The stock has a market cap of $276.45 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the company posted $5.37 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts predict that ASML will post 20.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASML. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday. Wells Fargo & Company cut their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Susquehanna dropped 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 note on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,018.00.

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.