ASML

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 14.21% Wells Fargo $950 → $1050 Maintains Overweight 01/26/2024 19.65% Susquehanna $830 → $1100 Maintains Positive 01/25/2024 8.77% Raymond James $850 → $1000 Maintains Strong Buy 01/19/2024 -7.55% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 -4.5% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -21.03% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 -11.9% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -20.38% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 -12.99% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 -15.7% Argus Research $590 → $775 Maintains Buy 01/26/2023 -18.21% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -27.67% Wells Fargo $510 → $665 […]

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 26.44% Susquehanna $830 → $1100 Maintains Positive 01/25/2024 14.94% Raymond James $850 → $1000 Maintains Strong Buy 01/19/2024 -2.3% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 0.92% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -16.55% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 -6.9% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -15.86% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 -8.05% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 -10.92% Argus Research $590 → $775 Maintains Buy 01/26/2023 -13.56% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -23.56% Wells Fargo $510 → $665 Maintains Overweight 11/08/2022 — Morgan Stanley Initiates Coverage On

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/25/2024 17.44% Raymond James $850 → $1000 Maintains Strong Buy 01/19/2024 -0.18% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 3.11% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -14.74% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 -4.87% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -14.03% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 -6.05% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 -8.98% Argus Research $590 → $775 Maintains Buy 01/26/2023 -11.69% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -21.9% Wells Fargo $510 → $665 Maintains Overweight 11/08/2022 — Morgan Stanley Initiates Coverage On → Overweight 10/21/2022 — New Street Research Upgrades

The following is a summary of the ASML Holding N.V. (ASML) Q2 2024 Earnings Call Transcript: Financial Performance: ASML reported Q4 2023 net sales of €7.2 billion, fueled by business in installed base and EUV systems. Net system sales of €5.7 billion were largely spearheaded by Logic (63%) and Memory (37%). Gross margin for the quarter was 51.4%, majorly driven by installed base business. The net income in Q4 was €2 billion (28.3% of net sales), resulting in an EPS of €5.21. ASML’s total net sales for the year 2023 grew 30% to €27.6 billion, with a gross margin of 51.3%. Net income for 2023 was €7.8 billion (28.4% of net sales) yielding an EPS of €19.91. ASML concluded 2023 with free cash flow generation of €3.2 billion and returned €3.3 billion to shareholders via dividends and share buybacks. Looking forward to Q1 2024, ASML anticipates net sales between €5

ASML Holding NV (NASDAQ:ASML) will be reporting its fourth-quarter earnings on Jan. 24. Wall Street expects $5.27 in EPS and $7.53 billion in revenues as the company reports before market hours. ASML is a semiconductor production equipment (SPE) manufacturer. It is known for being a leading supplier of photolithography equipment used in the semiconductor industry. The company specializes in producing advanced lithography machines. These play a crucial role in the production of integrated circuits (ICs) and other semiconductor devices. The stock has gained just 14.60% over the past year. It has vastly underperforming SPE peers such as Applied Materials Inc (NASDAQ:AMAT) at 46.02%, Lam Research Corporation (NASDAQ:LRCX) a 69.07% and KLA Corp (NASDAQ:KLAC) at 45.64%. The ASML Analyst: Cantor Fitzgerald analyst C.J. Muse has an Overweight rating on the stock with a price target of €900 (~$977.23) a share. At the time of review, the stock traded at €745 (~$808.93), representing a 21% upside potential. The ASML Thesis: ASML faced significant underperformance in 2023.

2024 expected to be a transition year with sales similar to 2023 VELDHOVEN, the Netherlands, January 24, 2024 — Today, ASML Holding NV (ASML) has published its 2023 fourth-quarter and full-year results.   — Q4 net sales of EUR7.2 billion, gross margin of 51.4%, net income of      EUR2.0 billion   — Quarterly net bookings in Q4 of EUR9.2 billion2 of which EUR5.6 billion      is EUV   — 2023 net sales of EUR27.6 billion, gross margin of 51.3%, net income of      EUR7.8 billion   — ASML expects 2024 net sales to be similar to 2023   — ASML expects Q1 2024 net sales between EUR5.0 billion and EUR5.5 billion      and a gross margin between 48% and 49% (Figures in millions of euros unless otherwise indicated)    Q3 2023       Q4 2023       FY 2022       FY 2023

“We expect first-quarter net sales between €5.0 billion and €5.5 billion with a gross margin between 48% and 49%. ASML expects R&D costs of around €1,070 million and SG&A costs of around €300 million. In spite of the positive signs as described above, we maintain our conservative view for the total year and expect 2024 revenue to be similar to 2023. We also expect 2024 to be an important year to prepare for significant growth that we expect for 2025,” said ASML President and Chief Executive Officer Peter Wennink.

ASML Holding (ASML) reported Q4 earnings Wednesday of 5.20 euros ($5.65) per diluted share, up from 4.60 per share a year earlier. Analysts surveyed by Capital IQ expected 4.76 euros per share. Net sales for the quarter ended Dec. 31 were 7.24 billion euros, up from 6.43 billion euros a year earlier. Analysts polled by Capital IQ expected 6.89 billion euros. Looking ahead, the company expects Q1 sales to range from 5 billion euros to 5.5 billion euros and full-year 2024 net sales to be similar to 2023. Analysts polled by Capital IQ are expecting sales of 5.92 billion euros and 27.27 billion euros for Q1 and 2024, respectively.

ASML’s strong fourth-quarter performance is seen as a clear sign of customers planning for growth, Citi analysts write in a research note. This should give the market confidence in expecting strong growth in 2025 for the Dutch manufacturer of lithography systems for the semiconductor industry, and support its 2025 revenue to come in at the top half of its EUR30 billion-EUR40 billion range, ahead of consensus, the analysts add. ASML’s recovery shows customers’ confidence in the medium-to-long term outlook and should be reflected in the shares, the U.S. bank said. Shares are up 0.63% at 2888.0 pence.

ASML Holding (NASDAQ: ASML) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 13.7% Raymond James $725 → $850 Maintains Strong Buy 11/30/2023 17.44% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 -2.89% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 8.35% Susquehanna $850 → $810 Maintains Positive 10/11/2023 -2.09% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 7.01% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 3.67% Argus Research $590 → $775 Maintains Buy 01/26/2023 0.59% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -11.05% Wells Fargo $510 → $665 Maintains Overweight 11/08/2022 — Morgan Stanley Initiates Coverage On → Overweight 10/21/2022 — New Street Research Upgrades Neutral → Buy 10/20/2022 — Deutsche Bank Upgrades Hold →

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target by $118 to $849, 29.5x our ’25 EPS view, near ASML’s three-year average two-year forward multiple (~29.4x), as we shift our focus from ’24 to ’25. We lower our ’24 EPS estimate to EUR19.65 from EUR19.88 and increase ’25’s view to EUR26.15 from EUR25.56 as we budget in a bit more softness in early ’24, followed by an acceleration toward the end of the year and solid strength in ’25 as new technologies like gate-all-around are introduced in higher volumes. We see Chinese demand pulling back to start ’24 as export restrictions take hold, but we expect demand for ASML’s one-of-a-kind systems to be picked up by other countries as the global race for advanced semiconductor technology continues. We note ASML’s backlog

ASML Holding (NASDAQ: ASML) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/30/2023 29.25% JP Morgan $726 → $878 Maintains Overweight 10/19/2023 6.88% JP Morgan $732 → $726 Maintains Overweight 10/12/2023 19.24% Susquehanna $850 → $810 Maintains Positive 10/11/2023 7.76% JP Morgan $772 → $732 Maintains Overweight 07/28/2023 — Bernstein Downgrades Outperform → Market Perform 07/20/2023 17.77% Wells Fargo $775 → $800 Maintains Overweight 06/16/2023 — New Street Research Downgrades Buy → Neutral 01/26/2023 14.09% Argus Research $590 → $775 Maintains Buy 01/26/2023 10.7% JP Morgan $710 → $752 Maintains Overweight 11/14/2022 — Susquehanna Upgrades Neutral → Positive 11/14/2022 -2.1% Wells Fargo $510 → $665 Maintains Overweight 11/08/2022 — Morgan Stanley Initiates Coverage On → Overweight 10/21/2022 — New Street Research Upgrades Neutral → Buy 10/20/2022 — Deutsche Bank Upgrades Hold → Buy 10/10/2022 -24.92% Wells Fargo $600 → $510 Maintains Overweight 07/21/2022