Nomura Securities Reiterates a 'Buy' on ASML Inc. (ASML); Strength In Logic
Tweet Send to a FriendGet Alerts ASML Hot Sheet
Price: $80.12 +0.05%
Rating Summary:
12 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
12 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade ASML Now!
Nomura Securities reiterates a 'Buy' on ASML Inc. (NASDAQ: ASML) price target of EUR42.
Analyst, Carmen Boyero, said, "Reiterate our rating on the stock following recent newsflow which has reinforced our positive view regarding the strength of Logic, a business that should offset any weakness in Memory (DRAM and NAND) and provide substantial support to ASML’s top-line for the remainder of 2012 and through 2013. Driven by a sustained investment cycle in the foundry sector and a more positive view on memory dynamics, we forecast above consensus revenues in 2012 and 2013. With less than 10% of revenues generated from Europe and relatively low currency risk, ASML would be towards the defensive end of the tech sector. The stock is trading at a 7% discount to its historical average and 15% discount to peers."
For an analyst ratings summary and ratings history on ASML Inc. click here. For more ratings news on ASML Inc. click here.
Shares of ASML Inc. closed at $49.75 yesterday, with a 52 week range of $30.65-$51.76.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Carmen Boyero, said, "Reiterate our rating on the stock following recent newsflow which has reinforced our positive view regarding the strength of Logic, a business that should offset any weakness in Memory (DRAM and NAND) and provide substantial support to ASML’s top-line for the remainder of 2012 and through 2013. Driven by a sustained investment cycle in the foundry sector and a more positive view on memory dynamics, we forecast above consensus revenues in 2012 and 2013. With less than 10% of revenues generated from Europe and relatively low currency risk, ASML would be towards the defensive end of the tech sector. The stock is trading at a 7% discount to its historical average and 15% discount to peers."
For an analyst ratings summary and ratings history on ASML Inc. click here. For more ratings news on ASML Inc. click here.
Shares of ASML Inc. closed at $49.75 yesterday, with a 52 week range of $30.65-$51.76.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
- Deutsche Bank Downgrades Signet Jewelers (SIG) to Hold
- Notable HP (HPQ) Bear Speaks, Says 'Recovery Unsustainable'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Nomura
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
