$ASML
ASML Holding NV
PRICE
$556.87 ▲1.604%
Delayed Price
VOLUME
343,141
DAY RANGE
-
52 WEEK
509.55 - 887.05
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By Toby Sterling AMSTERDAM (Reuters) -ASML Holding NV, a key supplier to computer chip makers, reported on Wednesday first-quarter sales of 3.5 billion euros ($3.8 billion) and net income of 695 million euros, slightly ahead of expectations. Bookings remain strong as customers race to increase capacity amid a global semiconductor shortage, said ASML, which is Europe's largest technology company by market capitalisation, at 226 billion euros. "We are working very, very hard to navigate all the supply chain issues that everyone is dealing with," chief financial officer Roger Dassen said in a statement. The company forecast second quarter sales of 5.1-5.3 billion euros and left a forecast for full year sales growth of 20% unchanged. Net bookings in the quarter were 7 billion euros. ASML is the dominant maker of lithography systems, and its machines are used to create the circuitry of most computer chips. Analysts had forecast net income of 621 million euros on revenue of 3.44 billion, according to Refinitiv data. In January, ASML forecast first-quarter sales of 3.3-3.5 billion euros. [L1N2TZ0CK] Dassen said full year gross margins might be closer to 52%, rather than the 53% the company forecast in January, in part due to rising labour, transport, energy and cost increases. ASML, which expects to catch up with its current order backlog only sometime in 2024, is taking steps to cut delivery times and increase productivity of its tools, even as it tries to expand production. Not included in first quarter sales were equipment worth about 2 billion euros that customers asked to have shipped immediately, before it was fully tested. Those deliveries cannot yet be booked as sales, but ASML expects to recognise that revenue over the coming quarters. Dassen said the company had received "multiple" orders for its next generation "EUV High NA" machine, which is still being developed. For the first time, there were makers of memory chips among such clients, he added. ASML's biggest customers are TSMC, Samsung (KS:005930) and Intel (NASDAQ:INTC), though memory chip makers SK Hynix and Micron (NASDAQ:MU) and all major chipmakers are also customers. The company has forecast average annual sales growth of 11% through 2030 as part of a structural increase in chip demand. Shares closed at 561.60 euros on Tuesday, down 21% for the year to date, though more than double their price in April 2020. ($1=0.9246 euros)
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ASML Q1 earnings beat forecasts slightly, bookings seen strong
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By Geoffrey Smith Investing.com -- U.S. stock markets started the week with a fresh lurch to the downside as fears about rising interest rates and weaker corporate profits combined to unsettle investors. By 9:40 AM ET (1440 GMT), the Dow Jones Industrial Average was down 282 points, or 0.8%, at 35,949 points, while the S&P 500 was down 1.3% and the Nasdaq Composite was down 1.9%. Fear of inflation - and of an aggressive tightening of policy by the Federal Reserve to stop it - was primarily responsible for the move. Having had the weekend to digest an employment report that showed inflationary pressures continuing to build up in the form of higher wages and a rapidly-evaporating pool of spare labor. Analysts at Goldman Sachs revised their forecasts in response to say that they now expect the Fed to raise rates four times this year, and to start selling down its massive portfolio of bonds as early as July. In addition, there were signs of sustained supply chain issues eating into corporate profits, as yogawear maker Lululemon Athletica Inc (NASDAQ:LULU) said its holiday season sales had disappointed. Lululemon stock fell 4% to its lowest since June. However, it remains firmly in the category of companies most at risk from the rising interest rate trends. The stock was still trading at 53 times trailing earnings at Friday's close, despite already coming off its peak by more than 25%. The most eye-catching move of the morning was driven by M&A news. Zynga (NASDAQ:ZNGA) stock soared by 48% after agreeing to be bought by fellow games publisher Take-Two Interactive Software (NASDAQ:TTWO) in a cash and stock deal valuing the mobile games developer at $12.7 billion. The stock element of the deal weighed heavily on Take-Two's stock price, pushing it down by some 12.7%. Another stock under pressure was Coinbase, which suffered by association with the continuing selloff in the cryptocurrencies that generate its revenue. With Bitcoin prices briefly falling below $40,000 for the first time in over four months, Coinbase Global (NASDAQ:COIN) stock fell 6.4%. to its lowest since July. Tesla (NASDAQ:TSLA) stock also broke through a psychological support level, falling 3.3% to trade below $1,000 for the first time this year despite being named by Goldman analysts as their top pick for the coming year. Cathie Wood's ARK Innovation ETF (NYSE:ARKK), whose outsize bets on growth stocks such as Tesla generated hefty outperformance during the early stages of the pandemic rally, meanwhile continued its recent underperformance. It lost another 4.6% to trade at its lowest since July 2020. Elsewhere, Tilray (NASDAQ:TLRY) stock rose 19% after the cannabis company reported a surprise profit for the latest quarter. Moderna (NASDAQ:MRNA) stock was another to defy the general selling, rising 0.2% after raising its sales forecast for 2022 by nearly 10%, while Taiwan Semiconductor Manufacturing (NYSE:TSM) stock rose 1.2% after the chipmaker reported another record-breaking month for sales in December. Going in the other direction was ASML (NASDAQ:ASML) stock, falling 5.7% after the Dutch-based lithographer suffered a fire at one of its manufacturing plants in Europe. It's not clear whether the first will disrupt production of its high-margin equipment for making microprocessors.
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=========================== Stocks Trend Alert: Strong DOWN trend STOCK: $ASML. Last hour ADX is 25.9 Strong DOWN trend STOCK: $CPRT. Last hour ADX is 27.51 Strong DOWN trend STOCK: $EBAY. Last hour ADX is 26.54 Strong DOWN trend STOCK: $GILD. Last hour ADX is 26.14 Strong DOWN trend STOCK: $GOOG. Last hour ADX is 25.19 Strong DOWN trend STOCK: $MDLZ. Last hour ADX is 27.04 Strong DOWN trend STOCK: $REGN. Last hour ADX is 25.78 Strong DOWN trend STOCK: $SNPS. Last hour ADX is 33.58 Strong DOWN trend STOCK: $VRSN. Last hour ADX is 28.15 ===========================
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=========================== Stocks Trend Alert: Strong DOWN trend STOCK: $ASML. Last hour ADX is 25.9 Strong DOWN trend STOCK: $CPRT. Last hour ADX is 27.51 Strong DOWN trend STOCK: $GILD. Last hour ADX is 26.14 Strong DOWN trend STOCK: $GOOG. Last hour ADX is 25.19 Strong DOWN trend STOCK: $MDLZ. Last hour ADX is 27.04 Strong DOWN trend STOCK: $REGN. Last hour ADX is 25.78 Strong DOWN trend STOCK: $SNPS. Last hour ADX is 33.58 Strong DOWN trend STOCK: $VRSN. Last hour ADX is 28.15 ===========================
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=========================== Stocks Trend Alert: Strong DOWN trend STOCK: $ASML. Last hour ADX is 25.9 Strong DOWN trend STOCK: $CPRT. Last hour ADX is 27.51 Strong DOWN trend STOCK: $GILD. Last hour ADX is 26.14 Strong DOWN trend STOCK: $GOOG. Last hour ADX is 25.19 Strong DOWN trend STOCK: $MDLZ. Last hour ADX is 27.04 Strong DOWN trend STOCK: $REGN. Last hour ADX is 25.78 Strong DOWN trend STOCK: $SNPS. Last hour ADX is 33.58 Strong DOWN trend STOCK: $VRSN. Last hour ADX is 28.15 ===========================
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Key Metrics
Market Cap
222.78 B
Beta
1.76
Avg. Volume
1.15 M
Shares Outstanding
406.47 M
Yield
1.09%
Public Float
0
Next Earnings Date
2022-07-20
Next Dividend Date
Company Information
CEO: Peter Wennink
Website: https://www.asml.com/
HQ: De Run 6501 Veldhoven, 5504 DR Noord Brabant
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