ASML (NASDAQ:ASML) Trading Up 0.2% After Dividend Announcement

Shares of ASML Holding (NASDAQ:ASML) rose 0.2% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $693.18 and last traded at $684.88. Approximately 2,551,527 shares traded hands during mid-day trading, an increase of 90% from the average daily volume of 1,341,583 shares. The stock had previously closed at $683.52.

The newly announced dividend which will be paid on Sunday, November 17th. Shareholders of record on Tuesday, October 29th will be given a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Analyst Ratings Changes

Several analysts have recently weighed in on ASML shares. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday. Susquehanna lowered their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,018.00.

ASML Trading Up 3.2 %

The company has a market capitalization of $285.39 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The business’s 50-day simple moving average is $834.43 and its 200-day simple moving average is $916.47.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.37 earnings per share. On average, research analysts expect that ASML Holding will post 20.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Allspring Global Investments Holdings LLC raised its position in shares of ASML by 34.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,823 shares of the semiconductor company’s stock valued at $4,852,000 after acquiring an additional 1,503 shares during the period. Vest Financial LLC acquired a new stake in ASML in the third quarter worth $447,000. OLD National Bancorp IN boosted its position in shares of ASML by 2.3% during the third quarter. OLD National Bancorp IN now owns 17,702 shares of the semiconductor company’s stock worth $14,750,000 after purchasing an additional 392 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of ASML by 79.3% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 3,194 shares of the semiconductor company’s stock valued at $2,662,000 after buying an additional 1,413 shares during the period. Finally, Veracity Capital LLC increased its position in shares of ASML by 16.7% in the 3rd quarter. Veracity Capital LLC now owns 517 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 74 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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.