ASML (NASDAQ:ASML) Stock Price Up 2.2% After Dividend Announcement

ASML Holding N.V. (NASDAQ:ASMLGet Free Report)’s stock price shot up 2.2% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $1,830.00 and last traded at $1,815.27. Approximately 4,173,159 shares were traded during mid-day trading, an increase of 120% from the average daily volume of 1,901,170 shares. The stock had previously closed at $1,775.64.

The newly announced dividend which will be paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th will be issued a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, July 28th. ASML’s payout ratio is presently 38.63%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Argus set a $2,100.00 target price on shares of ASML in a research report on Thursday. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, June 11th. DZ Bank reissued a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Finally, Zacks Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

View Our Latest Stock Report on ASML

ASML Price Performance

The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $1,728.88 and a 200-day simple moving average of $1,498.68. The firm has a market cap of $701.95 billion, a PE ratio of 55.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.78.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 54.12% and a net margin of 30.11%.The business had revenue of $10.15 billion for the quarter. Equities analysts anticipate that ASML Holding N.V. will post 36.6 earnings per share for the current fiscal year.

ASML News Roundup

Here are the key news stories impacting ASML this week:

Institutional Investors Weigh In On ASML

A number of institutional investors have recently added to or reduced their stakes in the stock. Baron Wealth Management LLC grew its stake in ASML by 1.8% during the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock valued at $662,000 after acquiring an additional 6 shares in the last quarter. Whitener Capital Management Inc. grew its position in shares of ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock valued at $434,000 after purchasing an additional 6 shares in the last quarter. Family Capital Management Inc. increased its holdings in shares of ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after purchasing an additional 7 shares during the last quarter. 44 Wealth Management LLC lifted its position in shares of ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after buying an additional 7 shares in the last quarter. Finally, Evolution Wealth Management Inc. boosted its stake in ASML by 22.6% during the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 7 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

(Get Free Report)

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.

Further Reading

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