Cullen Frost Bankers Inc. Has $5.42 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Cullen Frost Bankers Inc. decreased its position in ASML Holding (NASDAQ:ASML) by 11.1% during the 4th quarter, HoldingsChannel reports. The fund owned 7,822 shares of the semiconductor company’s stock after selling 976 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in ASML were worth $5,421,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. lifted its position in shares of ASML by 4.8% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 14 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in ASML by 0.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after buying an additional 14 shares during the last quarter. Trust Point Inc. lifted its position in ASML by 2.4% during the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock worth $420,000 after buying an additional 14 shares in the last quarter. Sunpointe LLC boosted its stake in shares of ASML by 1.3% during the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock worth $772,000 after buying an additional 14 shares during the last quarter. Finally, Family Capital Management Inc. grew its holdings in shares of ASML by 1.7% in the 3rd quarter. Family Capital Management Inc. now owns 909 shares of the semiconductor company’s stock valued at $757,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ASML shares. BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Wells Fargo & Company upped their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Down 3.4 %

ASML opened at $714.84 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $732.88 and its 200 day simple moving average is $749.78. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The stock has a market cap of $281.23 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. As a group, research analysts expect that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were issued a dividend of $1.5855 per share. The ex-dividend date was Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s payout ratio is currently 31.35%.

About ASML

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.