Nomura Securities Maintains a 'Neutral' on ASML Inc. (ASML); Q2 In-line, Guidance Weak
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Price: $1,844.08 -0.21%
Rating Summary:
25 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
25 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on ASML Inc. (NASDAQ: ASML) price target of EUR42.00.
Analyst, Carmen Boyero, said, "ASML reported Q2 results that were in-line with previous guidance and consensus expectations. Systems sales were 5% below expectations, however, driven by lower ASP. Q2 sales were primarily driven by foundry and logic continuing the trend in previous quarters. Net bookings increased qoq to 949m and 43 systems, although backlog continued the declining trend to EUR 1,503m and 55 systems (from EUR 1,598m and 56 systems)...Guidance for the full year 2012 is seen at between EUR 4.6b and EUR 4.8b, or 3% below market expectations of EUR 4,863m."
Note: Nomura downgraded ASML from Buy to Neutral on July 13th. To see the report, click here
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 $51.50 yesterday.
Analyst, Carmen Boyero, said, "ASML reported Q2 results that were in-line with previous guidance and consensus expectations. Systems sales were 5% below expectations, however, driven by lower ASP. Q2 sales were primarily driven by foundry and logic continuing the trend in previous quarters. Net bookings increased qoq to 949m and 43 systems, although backlog continued the declining trend to EUR 1,503m and 55 systems (from EUR 1,598m and 56 systems)...Guidance for the full year 2012 is seen at between EUR 4.6b and EUR 4.8b, or 3% below market expectations of EUR 4,863m."
Note: Nomura downgraded ASML from Buy to Neutral on July 13th. To see the report, click here
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 $51.50 yesterday.
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