ASML Holding N.V. (NASDAQ:ASML) Announces Quarterly Dividend of $1.86

ASML Holding N.V. (NASDAQ:ASML) announced a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Shareholders of record on Tuesday, July 29th will be paid a dividend of 1.856 per share by the semiconductor company on Wednesday, August 6th. This represents a $7.42 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a 13.1% increase from ASML’s previous quarterly dividend of $1.64.

ASML has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ASML to earn $29.27 per share next year, which means the company should continue to be able to cover its $8.36 annual dividend with an expected future payout ratio of 28.6%.

ASML Price Performance

Shares of ASML stock opened at $744.91 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $957.21. The firm has a fifty day moving average price of $769.05 and a two-hundred day moving average price of $727.48. The company has a market cap of $293.06 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.73.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). The business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a return on equity of 50.31% and a net margin of 26.95%. ASML’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.01 earnings per share. Analysts expect that ASML will post 25.17 EPS for the current year.

Wall Street Analyst Weigh In

ASML has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of ASML from $840.00 to $890.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Susquehanna reduced their price objective on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a report on Thursday, April 17th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Monday, May 19th. Sanford C. Bernstein initiated coverage on shares of ASML in a report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 price objective for the company. Finally, Barclays reissued an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $923.80.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after acquiring an additional 10,411 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after acquiring an additional 4,021 shares during the last quarter. Finally, Capstone Wealth Management Group LLC raised its stake in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after acquiring an additional 124 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

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.