ASML Holding N.V.

ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.
  • TickerASML
  • ISINNL0010273215
  • ExchangeEuronext Amsterdam
  • SectorTechnology Hardware & Equipment
  • CountryNetherlands

Analysts

FROM HOLLAND TO GAIN

​ASML Holding N.V. develops, produces, and markets semiconductor manufacturing equipment, specifically machines for the production of chips through lithography. The Company services clients world wide. We divide our report in 3 sectors:- Ratio summary- Peer group confrontation- Next 90/180 days share price movement forecasting using our proprietary “Evidence Based Performance Analysis”© approach

ASML Holding N.V. - July 2017 (LTM): Peer Snapshot

Peer Snapshot: ASML  Holding N.V. - July 2017 (LTM) 24 August 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jul-17 FYE Jun-15 FYE Jun-16 LTM Mar-17 FYE Jun-15 FYE Jun-16 LTM

ASML Holding N.V. - October 2017 (LTM): Peer Snapshot

Peer Snapshot: ASML  Holding N.V. - October 2017 (LTM) 22 November 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Oct-17 FYE Jun-16 FYE Jun-17 LTM Sep-17 FYE Jun-16 FYE Jun-17 LTM

Halim Ahmad

Stock Report

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global Energy shares breaking out; Technology remains attractive The MSCI ACWI and S&P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a bullish trend change. Combine this with improving market internals and we are becoming incrementally more bullish. For the MSCI ACWI, one of the more concerning breadth indicators has been the percentage of stocks above their 200-day moving average. This indicator recently hit a higher high (see below, left), a positive development that confirms the market's recent advance. • Major themes: O...

ASML Holding N.V. - July 2017 (LTM): Peer Snapshot

Peer Snapshot: ASML  Holding N.V. - July 2017 (LTM) 24 August 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jul-17 FYE Jun-15 FYE Jun-16 LTM Mar-17 FYE Jun-15 FYE Jun-16 LTM

ASML Holding N.V. - October 2017 (LTM): Peer Snapshot

Peer Snapshot: ASML  Holding N.V. - October 2017 (LTM) 22 November 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Oct-17 FYE Jun-16 FYE Jun-17 LTM Sep-17 FYE Jun-16 FYE Jun-17 LTM

FROM HOLLAND TO GAIN

​ASML Holding N.V. develops, produces, and markets semiconductor manufacturing equipment, specifically machines for the production of chips through lithography. The Company services clients world wide. We divide our report in 3 sectors:- Ratio summary- Peer group confrontation- Next 90/180 days share price movement forecasting using our proprietary “Evidence Based Performance Analysis”© approach

Halim Ahmad

Stock Report

Abhinav Davuluri

ASML is the primary source of photolithography tools for semiconductor manufacturers.

ASML reported strong first-quarter results, exceeding our revenue estimate thanks to an impressive showing in lithography sales to memory customers. Comparable to Lam Research’s recent results, the quarter marked a slowdown in logic and foundry sales for ASML, offset by the likes of Samsung, SK Hynix, and Micron that continue to spend aggressively for NAND and DRAM projects. Extreme ultraviolet lithography revenue for 2018 is slated to be EUR 2.1 billion versus EUR 2.3 billion indicated previous...

Stephane Houri

ASML : Strong Q2 18 results and strong guidance

>Facts: Q2 18 clearly above expectations - Q2 18 sales were € 2.74bn vs our forecast of € 2.57bn, a consensus of € 2.56bn and guidance of € 2.5/2.6bn. Gross margin stood at 43.3% vs. consensus and guidance of 43%. EPS is therefore € 1.37 (vs a consensus of € 1.21), 13% above expectations. Orders were € 1.95bn vs € 2.4bn in Q1 18 and a consensus of € 2.05bn. EUV is progressing as expected and the DUV business is driven by a memory market that continues to require a sig...

Stephane Houri

ASML : Strong Q2 18 results and strong guidance

>Facts: Q2 18 clearly above expectations - Q2 18 sales were € 2.74bn vs our forecast of € 2.57bn, a consensus of € 2.56bn and guidance of € 2.5/2.6bn. Gross margin stood at 43.3% vs. consensus and guidance of 43%. EPS is therefore € 1.37 (vs a consensus of € 1.21), 13% above expectations. Orders were € 1.95bn vs € 2.4bn in Q1 18 and a consensus of € 2.05bn. EUV is progressing as expected and the DUV business is driven by a memory market that continues to require a sig...

2 directors sold

Two Directors at Asml Holding N.V. sold 10,035 shares at 200.000EUR. The significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Vincent Maulay
  • Vincent Baron
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/07/2018

The Innogy deal will reshuffle E.ON’s and RWE’s businesses and strategies, with each specialising on one part of the utility value chain (downstream and upstream, respectively). While the transaction will not significantly change the two companies’ level of exposure to climate transition risks (low for E.ON / high for RWE), simpler business structures and strategies should help the two German utilities to deliver (at last!) a clearer message on their contribution to climate mitigation...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Vincent Maulay
  • Vincent Baron
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/19/2018

The Innogy deal will reshuffle E.ON’s and RWE’s businesses and strategies, with each specialising on one part of the utility value chain (downstream and upstream, respectively). While the transaction will not significantly change the two companies’ level of exposure to climate transition risks (low for E.ON / high for RWE), simpler business structures and strategies should help the two German utilities to deliver (at last!) a clearer message on their contribution to climate mitigation...

Anis Zgaya ...
  • Aurelien Sivignon
  • Jeremy Garnier
  • Khaled Ben Amor
  • Stephane Houri
  • Veysel Taze

ODDO BHF Small & MIDCAP MORNING NEWS - 03/09/2018

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Jeremy Garnier
  • Khaled Ben Amor
  • Stephane Houri
  • Veysel Taze

ODDO BHF Small & MIDCAP MORNING NEWS - 09/03/2018

...

Alex Koagne ...
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Nicolas Kieffer
  • Stephane Houri
  • Steven Gould
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/09/2018

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ASML Holding

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ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier

Coffee, Croissants & Credit/Danske Bank, Swedbank, Handelsbanken, ASML, AkzoNobel and Naturgy

Danske Bank (DANBNK) reported this morning a disappointing set of numbers for the 2Q18. In addition, the bank lowered its full year guidance and indicates its net profit to be at the lower end of the previous target range of DKK18-20bn. (Click download for full report)

ING
Hendrik Wiersma

ASML/Another very strong quarter

ASML again released a very strong set of quarterly results. The numbers underline the progress on EUV profitability and support the company's future earnings potential. We view this report card as supportive for spreads. We see value in the Dutch company's longer dated bonds, most notably the ASML1.375 7/26.

ASML Holding – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

ASML -AGM 24 April 2019

In general, ASML is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5, the supervisory board seeks approval to amend the Company's remuneration policy. ECGS notes that, under the proposed amendments, the maximum variable compensation will correspond to 340% of annual base salary, which exceeds the threshold of 300% under its guidelines. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 6, approval is sought to designate the executive board as the body authorised to issue ordinary shares in connection with th...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global Energy shares breaking out; Technology remains attractive The MSCI ACWI and S&P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a bullish trend change. Combine this with improving market internals and we are becoming incrementally more bullish. For the MSCI ACWI, one of the more concerning breadth indicators has been the percentage of stocks above their 200-day moving average. This indicator recently hit a higher high (see below, left), a positive development that confirms the market's recent advance. • Major themes: O...

Jérôme VINERIER

Analyse court terme - ASML : Le support majeur est atteint, il cause le rebond.

La tendance est toujours haussière, son niveau d'invalidation est sous 152,41 €. L'objectif est à 178,88 €.Arguments :- Le support majeur est atteint, il cause le rebond.- La moyenne mobile sert de support.

Jérôme VINERIER

Short term view - ASML : The major support has been reached, it causes the bounce.

The trend is still bullish, the invalidation level is below €152.41. The target is at €178.88.Arguments :- The major support has been reached, it causes the bounce.- The moving average is supporting prices.

Valérie GASTALDY

Analyse moyen terme - ASML : Résistance atteinte

La tendance est toujours haussière, son niveau d'invalidation est sous 154,50 €. L'objectif est à 187,20 €.Arguments :- La résistance est atteinte, la réaction des prix est insuffisante pour modifier notre avis.- Les cours font un nouveau plus haut historique, ce qui témoigne de la force de la tendance.

Valérie GASTALDY

Medium term view - ASML : Resistance reached

The trend is still bullish, the invalidation level is below €154.50. The target is at €187.20.Arguments :- The resistance has been reached, price reaction is very shy. It does not justify a negative opinion.- Prices made a new all-time-high, this confirms the strength of the trend.

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