ASML INVESTOR ALERT: ASML Holding N.V. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit

Core Viewpoint - The ASML class action lawsuit alleges that the company and certain 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 and the pace of recovery in sales [3]. - It is alleged that ASML downplayed risks from macroeconomic fluctuations and regulatory changes affecting semiconductor technology exports [3]. Financial Performance - On October 15, 2024, ASML reported quarterly bookings of €2.63 billion, a 53% decline from €5.6 billion in the previous quarter [4]. - The company projected full-year 2025 net sales between €30 billion and €35 billion, lower than its initial guidance of €30 billion to €40 billion [4]. - ASML also reduced its gross margin target to between 51% and 53%, down from 54% to 56% [4]. Market Reaction - Following the announcement of poor bookings, ASML's stock price fell more than 16% [4]. - On the subsequent earnings call, ASML's executives acknowledged a slow recovery in the semiconductor market, leading to a further stock price decline of over 6% [5].