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

ASML Holding (NASDAQ:ASML)’s stock price rose 2.2% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $892.97 and last traded at $891.38. Approximately 248,463 shares traded hands during trading, a decline of 80% from the average daily volume of 1,238,452 shares. The stock had previously closed at $872.05.

The newly announced dividend which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be paid a $1.343 dividend. The ex-dividend date is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.60%. ASML’s dividend payout ratio (DPR) is presently 27.02%.

Analyst Ratings Changes

A number of analysts have recently commented on ASML shares. Susquehanna upped their price target on ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Kepler Capital Markets raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. HSBC started coverage on ASML in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Cantor Fitzgerald started coverage on ASML in a research note on Tuesday, January 23rd. They issued an “overweight” rating for the company. Finally, Evercore ISI initiated coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,036.00.

ASML Trading Up 3.4 %

The business has a 50 day moving average of $957.00 and a 200-day moving average of $800.90. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $355.75 billion, a P/E ratio of 46.05, a PEG 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. Analysts anticipate that ASML Holding will post 20.31 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Hedge funds have recently made changes to their positions in the business. Carmel Capital Partners LLC boosted its holdings in shares of ASML by 200.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 30 shares during the last quarter. Addison Advisors LLC boosted its holdings in shares of ASML by 220.0% in the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 33 shares during the last quarter. WD Rutherford LLC acquired a new stake in shares of ASML in the 1st quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML in the 4th quarter valued at approximately $34,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of ASML by 48.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 15 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.