ASML Holding (ASML) To Go Ex-Dividend on October 29th

ASML Holding (NASDAQ:ASML) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Tuesday, October 29th will be paid a dividend of 1.407 per share by the semiconductor company on Thursday, November 7th. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th.

ASML has increased its dividend by an average of 31.3% per year over the last three years. ASML has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect ASML to earn $33.50 per share next year, which means the company should continue to be able to cover its $6.62 annual dividend with an expected future payout ratio of 19.8%.

ASML Trading Up 0.1 %

Shares of NASDAQ ASML opened at $711.70 on Friday. The firm’s 50 day moving average price is $816.78 and its 200-day moving average price is $906.89. ASML has a 52-week low of $582.48 and a 52-week high of $1,110.09. 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 company has a market cap of $280.83 billion, a PE ratio of 36.35, a P/E/G ratio of 2.08 and a beta of 1.48.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein decreased their target price on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, Susquehanna dropped their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $970.60.

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.