ASML Inc. (ASML) PT Lowered to $1,148 at JPMorgan, 'The key debate from here is how much the co. can grow'

ASML Holding NV (ASML:NA) (ASML) PT Lowered to EUR750 at Cantor Fitzgerald, Removed from Top Pick List

October 17, 2024 6:37 AM EDT

Cantor Fitzgerald analyst C.J. Muse lowered the price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML) to EUR750.00 (from EUR1,000.00) while maintaining a Overweight rating.

The analyst comments "This Q was obviously a disaster given order weakness and cut to the companys CY25 outlook (as discussed in our prior 2 post-earnings notes here and here). So with the stock already having traded off 20%+ since the errant press release, the major question is where does the stock bottom and what drives the stock from here?... More

BofA Securities Reiterates Buy Rating on ASML Inc. (ASML), PT $939, '2025 guide more realistic than meets the eye'

October 17, 2024 6:29 AM EDT

BofA Securities analyst Didier Scemama reiterated a Buy rating and $939.00 price target on ASML Inc. (NASDAQ: ASML).

The analyst comments "We would highlight a few positive elements: (A) ASMLs China 25E revenue guide assumes a normalisation of demand and the negative impact of additional export control restrictions. This implies China... More

BofA Securities Reiterates Buy Rating on ASML Holding NV (ASML:NA) (ASML), 'A few reasons to be optimistic'

October 17, 2024 5:35 AM EDT

BofA Securities analyst Didier Scemama reiterated a Buy rating and EUR870.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).

The analyst comments "A few reasons to be optimistic; Reiterate Buy and 870 PO We have slightly raised our CY25/26E EPS (3%) reflecting higher IBM revenues. Our PO remains at 870/US$939 on 23x CY26E EV/EBITDA (down from 24x prior on lower sector multiples), within its historical range of 17.5x to 35x. We reiterate our Buy rating. 2025 - a bridge (not) too far? We would highlight a few... More

ASML Inc. (ASML) PT Lowered to $900 at Raymond James

October 16, 2024 3:35 PM EDT

Raymond James analyst Srini Pajjuri lowered the price target on ASML Inc. (NASDAQ: ASML) to $900.00 (from $1,100.00) while maintaining a Strong Buy rating.

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ASML Holding NV (ASML:NA) (ASML) PT Lowered to EUR870 at BofA Securities

October 16, 2024 12:53 AM EDT

BofA Securities analyst Didier Scemama lowered the price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML) to EUR870.00 (from EUR1,064.00) while maintaining a Buy rating.

We estimate that ASML's CY25E revenue/GM guidance cut can be attributed to the following factors:... More

ASML's lowered outlook suggests factory overcapacity, not chip doom

October 15, 2024 8:42 PM EDT

By Max A. Cherney and Stephen Nellis

(Reuters) - Computer chip equipment maker ASML's deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. 

The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on ASML's pricey tools during the pandemic and have become better at using them to produce a larger numbers of chips, analysts said.

ASML's stock plummeted to its biggest single-day loss in a quarter century on its downgraded forecast. In results that the company... More

Morgan Stanley Reiterates Equalweight Rating on ASML Holding NV (ASML:NA) (ASML)

October 15, 2024 12:57 PM EDT

Morgan Stanley analyst Lee Simpson reiterated an Equalweight rating and EUR800.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).

The analyst comments "First Take: An earlier than expected release has outlined a more difficult spend environment than many had expected. Key has been the cut to FY25 guide and the weak order book report. Our early take is that Intel may have been key in the slowing EUV demand, with ASML talking to... More

Stifel Reiterates Hold Rating on ASML Holding NV (ASML:NA) (ASML)

October 15, 2024 12:32 PM EDT

Stifel analyst Juergen Wagner reiterated a Hold rating and EUR850.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).

The analyst comments "(-) Q3 orders decrease sharply: ASML reported Q3-24 results above consensus (see Chart 1). The focal point is the order intake of 2.6bn, which was 53% below Q2-24's 5.6bn. Included are only... More

Wolfe Research Reiterates Outperform Rating on ASML Holding NV (ASML:NA) (ASML)

October 15, 2024 12:05 PM EDT

Wolfe Research analyst Chris Caso reiterated an Outperform rating and EUR1,050.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).

The analyst comments "ASML just released their earnings report in what appears to be an early release ahead of tomorrow's earnings call. Bookings and guidance were well below our expectation, with quarterly bookings of 2.6bn, sharply decelerating from last quarters E5.6bn. As a result, ASML is lowering CY25 guidance from 35-40bn to 30-35bn. While full backlog details have not yet been provided, our math suggests that flat q/q... More

Citi Reiterates Buy Rating on ASML Holding NV (ASML:NA) (ASML), Removes 90-Day Upside Catalyst Watch

October 15, 2024 11:46 AM EDT

Citi analyst Andrew Gardiner reiterated a Buy rating and EUR1,150.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).

The analyst comments "We remove our Positive Catalyst Watch following the companys miss on 3Q orders and lowering of 2025 guidance.... More

ASML shares plunge as Q3 net bookings miss estimates, outlook disappoints

October 15, 2024 11:30 AM EDT

ASML Holding (AS: ASML) shares plunged more than 13% Tuesday after the semiconductor equipment maker reported third-quarter results that fell short of analyst expectations, while its guidance disappointed investors.

More specifically, the stock was impacted by the company's Q3 net bookings miss and FY revenue guidance. 

ASML posted Q3 adjusted earnings of 5.28 per... More

ASML cuts sales forecasts in Q3 earnings published early; shares plummet

October 15, 2024 11:07 AM EDT

By Toby Sterling and Nathan Vifflin

AMSTERDAM (Reuters) -Computer chip equipment maker ASML forecast on Tuesday lower than expected 2025 sales and bookings on sustained weakness in parts of the semiconductor market, pushing its shares to their biggest one-day drop since 1998.

The company said that despite a boom in AI-related chips, other parts of the semiconductor market are weaker for longer than expected, leading companies that make logic chips to delay orders and customers that make memory chips to only plan "limited" new capacity additions.

ASML, Europe's biggest tech firm, is the leading supplier of equipment used to... More

NVIDIA, other AI stocks fall on weak net bookings from ASML

October 15, 2024 10:58 AM EDT

A number of AI stocks fell mid-day following weak net bookings from semiconductor equipment maker ASML Holdings (NASDAQ: ASML):

ASML said quarterly net bookings in Q3 of EUR 2.6 billion of which 1.4 billion is EUV (estimate was EUR 5.39 billion)ASML also... More

ASML Holdings (ASML) Misses Q3 EPS, Net Bookings Well Short of Estimates

October 15, 2024 10:50 AM EDT

ASML Holdings (NASDAQ: ASML) reported Q3 EPS of EUR5.28, EUR0.12 worse than the analyst estimate of EUR5.40. Revenue for the quarter came in at EUR7.47 billion versus the consensus estimate of EUR7.9 billion.

Q3 total net sales of 7.5 billion, gross margin of 50.8%, net income of 2.1 billionQuarterly net bookings in Q3 of 2.6 billion2 of which 1.4 billion is EUV (estimate was 5.39 billion)ASML expects Q4 2024 total net sales between 8.8 billion and 9.2 billion, and a gross margin between 49% and 50% ASML expects 2024 total net sales of around 28... More

Applied Materials (AMAT), Lam Research (LRCX), KLA Corporation (KLAC) Falls in Sympathy with ASML Holdings (ASML)

October 15, 2024 10:35 AM EDT

Applied Materials (NASDAQ: AMAT), Lam Research (NASDAQ: LRCX), KLA Corporation (NASDAQ: KLAC) Falls in Sympathy with ASML Holdings (NASDAQ: ASML)

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ASML Holdings (ASML) Q3 Results Miss Estimates

October 15, 2024 10:32 AM EDT

(Updated - October 15, 2024 11:12 AM EDT)

Today, ASML Holding NV (ASML) has published its 2024 third-quarter... More

ASML Inc. (ASML) PT Lowered to $1,100 at Raymond James

October 15, 2024 6:37 AM EDT

Raymond James analyst Srini Pajjuri lowered the price target on ASML Inc. (NASDAQ: ASML) to $1,100.00 (from $1,300.00) while maintaining a Strong Buy rating.

The analyst comments "ASML: Lowering price target from $1,300 to $1,100 and reiterating Strong Buy. The key investor debate is regarding near-term quarterly bookings and 2025 outlook as the company needs... More

ASML Holdings (ASML) call put ratio 1.7 calls to 1 put into quarter results

October 15, 2024 1:05 AM EDT

ASML Holdings (NASDAQ: ASML) 30-day option implied volatility is at 47; compared to its 52-week range of 23 to 53 into the expected release of quarter results on October 16.

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ASML Holdings (ASML) option IV as share price up 3% into quarter results and outlook

October 14, 2024 2:35 PM EDT

ASML Holdings (NASDAQ: ASML) 30-day option implied volatility is at 47; compared to its 52-week range of 23 to 53 into the expected release of quarter results on October 16.

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