ASML (NASDAQ:ASML) Hits New 12-Month High After Dividend Announcement

ASML Holding N.V. (NASDAQ:ASMLGet Free Report) hit a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as $1,473.59 and last traded at $1,454.59, with a volume of 3459507 shares. The stock had previously closed at $1,413.35.

The newly announced dividend which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be issued a dividend of $3.1771 per share. This is a positive change from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, April 27th. ASML’s dividend payout ratio is 25.80%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASML. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Wednesday. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Tuesday, January 20th. KGI Securities set a $1,415.00 price objective on ASML and gave the company an “outperform” rating in a report on Thursday, January 15th. Susquehanna restated a “positive” rating on shares of ASML in a report on Monday, January 12th. Finally, Bank Degroof cut ASML to a “hold” rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,475.00.

Get Our Latest Stock Report on ASML

ASML Trading Up 2.3%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The company has a market capitalization of $572.29 billion, a P/E ratio of 56.36, a P/E/G ratio of 1.93 and a beta of 1.86. The company has a 50-day simple moving average of $1,169.55 and a 200 day simple moving average of $979.35.

ASML News Roundup

Here are the key news stories impacting ASML this week:

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in ASML in the 3rd quarter valued at $25,000. Princeton Global Asset Management LLC lifted its position in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 20 shares during the period. City Holding Co. acquired a new stake in shares of ASML during the 3rd quarter worth approximately $26,000. Binnacle Investments Inc raised its stake in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new position in ASML in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

(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.

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