Core Viewpoint - The stock market presents opportunities for investors to acquire shares of high-quality companies at reasonable discounts, particularly those trading near their 52-week highs [1] Group 1: Target Co. (NYSE: TGT) - Target stock has potential for a double-digit upside following a recent decline in its share price, which is currently at $132.20, approximately 72% of its 52-week high of $181.86 [2][6] - The consensus valuation for Target stock is set at $160 per share, indicating a potential rally of 21.3% from current levels [8] - Institutional investors, such as State Street, have increased their holdings in Target by 8.3%, bringing their total position to $5.5 billion, representing 7.7% ownership [9] Group 2: Enphase Energy Inc. (NASDAQ: ENPH) - Enphase Energy stock is currently priced at $71.35, which is 51% of its 52-week high of $141.63, with a price target of $101.13, suggesting a potential upside of 63% [9][12] - Analysts at J.P. Morgan Chase maintain an "Overweight" rating on Enphase Energy, anticipating that lower bond yields will positively impact the stock as they correlate with rising oil prices [12] Group 3: ASML Holding (NASDAQ: ASML) - ASML stock is trading at $680.05, which is 64% of its 52-week high of $1,110.09, with a price target of $961, indicating a potential upside of 41% [13][15] - J.P. Morgan Chase has reiterated an "Overweight" rating on ASML, suggesting that the stock's current discount presents a favorable risk-to-reward profile [14][15] - The market is willing to pay a premium for ASML, reflected in its price-to-book ratio of 14.9, compared to the computer sector's average of 7.1 [16]

Core Viewpoint - A lawsuit has been filed against ASML Holding N.V. and certain senior executives for potential violations of federal securities laws, with claims related to misleading statements about the impact of export controls on the company's financial outlook [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., et al., No. 24-cv-8664 [2]. - Investors have until January 13, 2025, to request to lead the case [2]. Group 2: Company Performance and Market Conditions - ASML is a key supplier in the semiconductor industry, providing photolithography machines essential for chipmakers [3]. - On October 15, 2024, ASML reported earnings significantly below expectations, attributing this to a slower-than-expected market recovery, leading to a 16% drop in stock price from $872.27 to $730.43 per share [4]. - During the earnings call on October 16, 2024, ASML indicated that the decline in sales to China would negatively affect gross margins, resulting in a further 6.4% decline in stock price to $683.52 per share [5].

Core Viewpoint - The ASML class action lawsuit alleges that the company and its executives made misleading statements regarding the semiconductor industry's challenges and the company's performance, leading to significant stock price declines [3][4][5]. Company Overview - ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers [2]. Class Action Details - The class action lawsuit is titled "City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V." and covers purchasers of ASML ordinary shares from January 24, 2024, to October 15, 2024 [1]. - Investors have until January 13, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. Allegations Against ASML - The lawsuit claims that ASML misrepresented the severity of issues faced by suppliers in the semiconductor industry, the pace of recovery in sales, and downplayed risks from macroeconomic fluctuations and regulatory changes [3]. - On October 15, 2024, ASML reported a quarterly booking of €2.63 billion, a 53% decline from €5.6 billion in the previous quarter, and revised its full-year 2025 net sales expectations to between €30 billion and €35 billion [4]. - The gross margin target was also reduced to between 51% and 53%, down from 54% to 56% [4]. Impact on Stock Price - Following the announcement of poor booking results, ASML's stock price fell more than 16% [4]. - During an earnings call on October 16, 2024, ASML's executives acknowledged a slow recovery in the semiconductor market, leading to an additional stock price drop of over 6% [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased ASML shares during the class period to seek appointment as lead plaintiff [6]. - The lead plaintiff will represent the interests of all class members and can select a law firm for the litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases [7].

Core Viewpoint - The article highlights three stocks—ASML, Taiwan Semiconductor Manufacturing, and Meta Platforms—as attractive investment opportunities in December 2024, particularly due to their potential benefits from the artificial intelligence (AI) sector. Group 1: Company Insights - ASML specializes in lithography machines essential for chip manufacturing, holding a technological monopoly as the sole producer of these machines [3][4] - Taiwan Semiconductor utilizes ASML's machines to fabricate advanced chips for major clients like Nvidia and Apple, ensuring steady income growth through continuous technological advancements [5][6] - Meta Platforms, primarily known for its advertising revenue, is heavily invested in generative AI, with its Llama model being a leading open-source option for developers [7][8] Group 2: Financial Valuation - ASML's stock has become a bargain following a decline in revenue guidance for 2025, now trading at 33 times forward earnings, similar to its valuation from the previous year [10][12] - Taiwan Semiconductor's stock price has risen throughout 2024, with projected revenue growth of about 25% and earnings per share (EPS) expected to increase by 26% next year, indicating a fair valuation [12] - Meta Platforms is currently the cheapest of the three, trading at 25.4 times forward earnings, with recent quarterly revenue growth of 19% and EPS growth of 38% year over year, suggesting it is a good buy [13]

ASML's Market Position and Valuation - ASML holds a monopoly on EUV technology, essential for producing advanced logic chips and high-bandwidth DRAM memory [1][2] - Despite a 40% stock pullback from July highs and a 10.5% decline year-to-date, ASML's valuation remains premium at 36 times trailing earnings [2][3] - The recent pullback was driven by weak orders as customers adopted a cautious investment stance for 2025, though overall spending on ASML machines is expected to grow [3] Financial Performance and Growth - ASML's gross margins surged from mid-40% in 2019 to low-50% by 2021 due to EUV adoption, with EUV systems now making up 42% of system sales [5][6] - Revenue grew at a 16.9% annualized rate between 2014 and 2024, with EPS growing at 22% and EUV sales growing at 34.8% annually from 2019 to 2023 [7] - Management projects continued growth and margin expansion as EUV becomes a larger portion of revenue and profits [8][13] EUV Technology and Future Prospects - EUV is critical for semiconductors at 7nm and below, with high-NA EUV machines offering higher resolution and cost efficiency [9][10] - ASML has begun shipping high-NA machines, which cost up to $380 million, and plans to introduce hyper-NA machines between 2030 and 2035 [9][11] - High-NA adoption is expected to drive further profit growth as competitors race to implement the technology [11] 2030 Financial Targets - ASML provided low, medium, and high estimates for 2030 revenue (€44B, €52B, €60B) and gross margins (56%, 58%, 60%) [12][13][14] - Implied annualized revenue growth from 2024 ranges from 7.8% to 13.5%, with operating income projected between €16.9B and €27.5B [14] - ASML's current market cap of €251B is 17.8x, 13.7x, and 11.0x the low, mid, and high-end 2030 earnings scenarios [14] Long-Term Investment Outlook - ASML's valuation appears cheap based on 2030 projections, with potential for share count reduction through repurchases [15] - The company's ability to maintain a high P/E ratio in 2030 will depend on continued growth prospects and competitive advantages [16][17] - ASML's monopoly on EUV technology and future innovations like hyper-NA machines support its long-term growth potential [17][18]

NEW YORK, Dec. 01, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of ordinary shares of ASML Holding N.V. (NASDAQ: ASML) between January 24, 2024 and October 15, 2024, both dates inclusive (the “Class Period”), of the important January 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased ASML ordinary shares during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra ...

NEW YORK, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against ASML Holding N.V. (NASDAQ: ASML) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in ASML, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/asml-holding-nv. Investors have until January 13, 2025, to ask the Court to be appointed to lea ...

ASML Stock Analysis - ASML Holding N V stock experienced a decline of over 40% due to temporary overvaluation factors and other transitory issues [1] - The stock appeared highly valued until recently but may now present a potential investment opportunity [1] Investment Portfolio Performance - The Financial Prophet's All-Weather Portfolio achieved a 47% return in 2023 [1] - The portfolio's cumulative performance significantly outperformed the S&P 500 with returns of 1212% compared to the S&P 500's 215% over the same period [2][3] Investment Strategies - The Daily Prophet Report provides crucial market information before the opening bell each morning [1] - The Covered Call Dividend Plan offers potential returns of up to 50% on certain investments [1] Subscription Offer - A limited-time 20% discount is available for new subscribers along with a 2-week free trial [4] - The subscription cost is less than $1 per day [4]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

NEW YORK, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against ASML Holding N.V. (NASDAQ: ASML) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in ASML, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/asml-holding-nv. Investors have until January 13, 2025, to ask the Court to be appointed to lea ...