ASML (NASDAQ:ASML) Board Approves Share Repurchase Program

ASML (NASDAQ:ASML) declared that its board has authorized a stock repurchase program, which permits the company to repurchase outstanding shares on Wednesday, January 17th, EventVestor reports. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Shares of ASML (NASDAQ:ASML) traded up $6.10 during trading on Wednesday, reaching $191.34. 930,584 shares of the company’s stock traded hands, compared to its average volume of 1,187,032. The company has a market cap of $80,115.20, a price-to-earnings ratio of 34.85, a PEG ratio of 1.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.70 and a quick ratio of 1.81. ASML has a 12-month low of $119.83 and a 12-month high of $208.58.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.52. ASML had a net margin of 24.28% and a return on equity of 21.16%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. sell-side analysts forecast that ASML will post 7.31 EPS for the current year.

The business also recently declared an annual dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 30th will be given a dividend of $1.7181 per share. This is an increase from ASML’s previous annual dividend of $0.71. The ex-dividend date is Friday, April 27th. This represents a yield of 0.84%. ASML’s dividend payout ratio is 20.22%.

Several research analysts have recently weighed in on ASML shares. B. Riley lifted their target price on shares of ASML from $166.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Credit Suisse Group raised their price target on shares of ASML from $140.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Royal Bank of Canada raised their price target on shares of ASML to $210.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of ASML from a “sell” rating to a “hold” rating and set a $201.00 target price for the company in a research note on Tuesday, January 2nd. Finally, BidaskClub upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. ASML presently has an average rating of “Buy” and a consensus target price of $196.29.

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About ASML

ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.

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