ASML Holding (ASML) to Issue Quarterly Dividend of $1.58 on May 7th

ASML Holding (NASDAQ:ASML) announced a quarterly dividend on Thursday, January 25th, Wall Street Journal reports. Investors of record on Monday, April 29th will be given 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 0.70%. The ex-dividend date is Friday, April 26th. This is a boost from ASML’s previous quarterly dividend of $1.53.

ASML has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ASML to earn $30.43 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 25.0%.

ASML Stock Up 3.4 %

NASDAQ:ASML opened at $901.57 on Wednesday. The firm’s 50 day simple moving average is $957.00 and its 200 day simple moving average is $800.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. ASML has a one year low of $563.99 and a one year high of $1,056.34. The company has a market cap of $355.75 billion, a PE ratio of 46.05, a P/E/G ratio of 2.11 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, topping the consensus estimate of $5.12 by $0.48. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.34 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. On average, research analysts anticipate that ASML will post 20.31 earnings per share for the current year.

Analysts Set New Price Targets

ASML has been the topic of a number of recent analyst reports. HSBC started coverage on shares of ASML in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Raymond James lifted their price objective on shares of ASML from $850.00 to $1,000.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Sanford C. Bernstein lowered their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Finally, Susquehanna boosted their price target on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus 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.