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ASML Holding N.V. Investors: Please contact the Portnoy Law Firm to recover your losses.
GlobeNewswire News Room· 2024-11-14 23:25
Core Viewpoint - ASML Holding N.V. is facing a class action lawsuit due to alleged misleading statements made by executives regarding the company's growth potential and demand for its products during a specific class period, which has led to significant stock price declines following disappointing financial results [5][6][8]. Company Overview - ASML is a leading Dutch manufacturer of photolithography machines essential for semiconductor chip production, utilizing advanced lasers to create intricate circuits for modern electronics [3]. Financial Projections and Market Impact - In November 2022, ASML projected 2025 revenues between €30 billion and €40 billion, with a gross margin of 54% to 56% [4]. - The introduction of new export regulations by the Dutch government in March 2023 limited ASML's ability to sell to Chinese customers, a crucial market, effective September 2023 [4]. - Despite these restrictions, ASML experienced a surge in demand from China as chipmakers rushed to place orders before the limitations took effect, helping to mitigate the broader industry downturn in 2023 [4]. Lawsuit Details - The lawsuit claims ASML executives overstated the company's financial outlook for 2025, driven by anticipated growth in artificial intelligence and new semiconductor plants, while downplaying the impact of export restrictions [5]. Recent Financial Results - On October 15, 2024, ASML reported third-quarter financial results, revealing net bookings of €2.6 billion, a 53% decline from the previous quarter's €5.6 billion, and missed analyst expectations by €3 billion [6]. - ASML revised its 2025 revenue forecast down to €30 billion to €35 billion and adjusted gross margin expectations to 51%–53% [6]. Market Reaction - Following the release of disappointing financial results, ASML's stock price fell by 21.6%, from $872.27 on October 14, 2024, to $683.52 on October 16, 2024, a drop of $188.75 per share [8]. Future Expectations - ASML acknowledged a slower-than-expected recovery in the semiconductor industry, with an anticipated extended recovery period into 2025, and expected China's contribution to revenue to decline to about 20% in 2025 [7].
ASML INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that ASML Holding N.V. Investors with Substantial Losses Have Opportunity to Lead the ASML Class Action Lawsuit
GlobeNewswire News Room· 2024-11-14 23:00
SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the ASML class action lawsuit seeks to represent purchasers or acquirers of ASML Holding N.V. (NASDAQ: ASML) ordinary shares between January 24, 2024 and October 15, 2024, inclusive (the “Class Period”). Captioned City of Hollywood Firefighters’ Pension Fund v. ASML Holding N.V., No. 24-cv-08664 (S.D.N.Y.), the ASML class action lawsuit charges ASML and certain of ASML’s top current and former executives with violat ...
Semiconductor Stock Jumps on Upbeat Guidance
Schaeffers Investment Research· 2024-11-14 16:03
ASML Holding NV (NASDAQ:ASML) stock is on the rise today, up 4.7% at $705.14 at last glance, after the chipmaker reiterated its 2030 outlook amid the artificial intelligence (AI) boom. The company's goal is between €44 billion ($46.3 billion) and €60 billion ($63.4 billion) in annual revenue by that time, with a gross margin between approximately 56% and 60%. Today's pop has ASML further removing itself from a Nov. 6 52-week low of $654.77. The stock is also headed for its best day in almost two months whil ...
ASML: Market Dominator At A Discount
Seeking Alpha· 2024-11-14 14:00
Group 1 - ASML's stock has experienced a 19% decline over the past few months due to a downward revision of the FY 2025 revenue outlook by management [1] - A discounted cash flow (DCF) model indicates that ASML's stock is currently 9% undervalued [1] Group 2 - The investor emphasizes the importance of balancing a portfolio with both high-growth opportunities and low-volatility dividend-paying stocks [2] - The analysis focuses on high-quality companies with reasonable valuations rather than seeking deep discounts, as excessively cheap stocks may have underlying issues [2]
ASML (ASML) 2024 Investor Day Transcript
2024-11-14 13:00
ASML 2024 Investor Day Summary Company Overview - **Company**: ASML - **Event**: 2024 Investor Day - **Date**: November 14, 2024 - **Location**: Veldhoven, Netherlands Key Industry Insights - The semiconductor industry is projected to remain strong, with a market size of €1 trillion in 2022 and expected to maintain this size in 2024, but with a shift towards advanced logic and DRAM due to AI advancements [14][15] - AI is expected to significantly boost the semiconductor industry, with approximately 40% of the semiconductor business projected to revolve around AI by 2030 [32][33] - The industry requires major innovations to improve cost and energy consumption, particularly in logic and DRAM sectors [20][21] Technology and Product Developments - ASML emphasizes the importance of lithography in driving down costs and energy consumption, asserting that it will remain central to innovation in the semiconductor industry [22] - The company is focusing on EUV (Extreme Ultraviolet) technology, which is maturing and will be scalable for many years, providing customers with cost and energy efficiency [23][24] - Holistic lithography is highlighted as a key solution for improving product quality, flexibility, and time to market [17][18] - ASML plans to reduce the cost of EUV exposure by 30% by 2030 while also cutting emissions by 50% [60][62] Market Trends and Customer Focus - The demand for computing power is accelerating, particularly driven by AI, with a projected increase of 16 times every two years, compared to Moore's Law [40][41] - DRAM is identified as a bottleneck for AI, leading to a shift towards high bandwidth memory (HBM) and potential processing in memory architectures [51][52] - ASML's installed base is growing, leading to increased opportunities for service and upgrades, which are becoming a larger part of the business [26] ESG Commitments - ASML is committed to achieving greenhouse gas neutrality for scope 1 and scope 2 emissions by 2025 and is on track to meet this goal [104] Financial Outlook - The semiconductor industry is expected to remain profitable, with an EBIT of €865 billion in 2023, despite being a downturn year [35][36] - More than €500 billion is projected to be spent on R&D in 2024 to foster innovation within the industry [37] Conclusion - ASML is optimistic about the future, with a strong focus on innovation, customer partnerships, and sustainability initiatives, positioning itself to capitalize on the evolving semiconductor landscape driven by AI and advanced technologies [19][27]
Got $1,000? A Top Artificial Intelligence (AI) Stock Is On Sale Right Now
The Motley Fool· 2024-11-14 11:45
ASML is well off of its all-time highs.With how popular some artificial intelligence (AI) stocks have become, many investors may feel like they've missed the boat. However, one of the top ways to invest in AI just went on sale.ASML (ASML 0.63%) has a technology that nobody else has, giving it a technological monopoly status. Without its machines, chip companies wouldn't be able to make the same cutting-edge chips that push the limits of computing power. As a result, ASML is one of the most critical companie ...
ASML provides updated view on market opportunities at 2024 Investor Day meeting
GlobeNewswire News Room· 2024-11-14 06:00
ASML provides updated view on market opportunities at 2024 Investor Day meetingPositioned for significant growth in revenue and profitability in this decade VELDHOVEN, the Netherlands, November 14, 2024 – At its 2024 Investor Day today, ASML Holding N.V. (ASML) provides an update on its long-term strategy as well as global market and technology trends, confirming potential 2030 scenarios for annual revenue between approximately €44 billion and €60 billion with a gross margin of between approximately 56% and ...
3 Growth Stocks Wall Street Might Be Sleeping On, But I'm Not
The Motley Fool· 2024-11-12 12:45
Just because they aren't anyone's favorites right now doesn't mean they're not worth owning.Most of the time, Wall Street gets it right. That is to say, more often than not, investors and analysts alike price a stock appropriately based on the underlying company's performance and prospects.Every now and then, though, a stock's price fails to reflect that company's full value. Wall Street underestimates the organization's probable future. Identifying these instances can be a terrific opportunity for you, sin ...
Is This AI Stock a No-Brainer Buy for November?
The Motley Fool· 2024-11-08 12:30
ASML provides crucial equipment for the manufacturing process of AI chips.In today's video, I discuss ASML Holding (ASML 2.39%), its business strategy, growth opportunities, potential risks, and why artificial intelligence stock investors should not ignore this semiconductor stock.*Stock prices used were the market prices of November 7, 2024. The video was published on November 8, 2024. ...
ASML Holding N.V. Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
GlobeNewswire News Room· 2024-11-07 22:15
SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether ASML Holding N.V. (NASDAQ: ASML) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws. What if I purchased ASML securities? If you purchased securities and suffered losses on ...