Cullen Frost Bankers Inc. Acquires 746 Shares of ASML Holding N.V. (NASDAQ:ASML)

Cullen Frost Bankers Inc. raised its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,568 shares of the semiconductor company's stock after acquiring an additional 746 shares during the period. Cullen Frost Bankers Inc.'s holdings in ASML were worth $5,677,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ASML. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of ASML by 121.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,262 shares of the semiconductor company's stock worth $2,261,000 after acquiring an additional 1,786 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of ASML by 6.5% in the 4th quarter. Harbour Investments Inc. now owns 442 shares of the semiconductor company's stock valued at $306,000 after purchasing an additional 27 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of ASML by 3.2% in the 4th quarter. Parallel Advisors LLC now owns 2,550 shares of the semiconductor company's stock valued at $1,767,000 after purchasing an additional 79 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of ASML by 42.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 4,437 shares of the semiconductor company's stock worth $3,049,000 after buying an additional 1,329 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of ASML by 1.3% during the 4th quarter. Advisors Asset Management Inc. now owns 3,095 shares of the semiconductor company's stock worth $2,145,000 after buying an additional 41 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Trading Down 1.4%

ASML stock traded down $10.33 during trading on Friday, hitting $734.58. 2,562,916 shares of the company traded hands, compared to its average volume of 1,754,152. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.43. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The firm has a market capitalization of $289.00 billion, a PE ratio of 30.66, a P/E/G ratio of 1.51 and a beta of 1.73. The company has a 50-day moving average of $769.62 and a 200-day moving average of $727.77.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). The business had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. ASML's quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $4.01 earnings per share. Analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be given a dividend of $1.856 per share. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 annualized dividend and a dividend yield of 1.01%. This is a positive change from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is presently 29.96%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Susquehanna lowered their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Sanford C. Bernstein initiated coverage on ASML in a research note on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $923.80.

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.