ASML Holding N.V. (NASDAQ:ASML) Raises Dividend to $3.18 Per Share

ASML Holding N.V. (NASDAQ:ASML) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Monday, April 27th will be paid a dividend of 3.1771 per share by the semiconductor company on Tuesday, May 5th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. This is a 68.8% increase from ASML’s previous quarterly dividend of $1.88.

ASML has increased its dividend by an average of 0.1%annually over the last three years. ASML has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Analysts expect ASML to earn $29.27 per share next year, which means the company should continue to be able to cover its $6.33 annual dividend with an expected future payout ratio of 21.6%.

ASML Stock Performance

ASML stock traded up $23.01 during midday trading on Thursday, reaching $1,445.93. The stock had a trading volume of 1,949,752 shares, compared to its average volume of 2,324,148. The firm has a market capitalization of $568.66 billion, a PE ratio of 58.81, a P/E/G ratio of 1.98 and a beta of 1.86. ASML has a 12 month low of $578.51 and a 12 month high of $1,493.47. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $1,160.07 and its 200 day moving average price is $976.02.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. HSBC reaffirmed a “buy” rating on shares of ASML in a report on Friday, October 17th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, January 23rd. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Monday, January 12th. Evercore ISI reissued an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Finally, Bank Degroof lowered ASML to a “hold” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.