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    ASML   NL0010273215

ASML HOLDING N.V.

(ASML)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 09/28 07:42:06 am
677.4 EUR   -5.51%
06:44aEUROPEAN MIDDAY BRIEFING : Stocks Fall as Traders Eye Inflation
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03:08aASMI expects next-gen chips to drive double-digit growth in core markets
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ASML's order book fills as chip makers race to boost capacity

07/21/2021 | 01:30am EDT
FILE PHOTO: ASML CEO Peter Wennink attends a news conference after fourth quarter earnings in Veldhoven

* ASML says demand from chip makers remains strong

* Company hikes 2021 sales growth outlook to 35%

* Dutch firm announces 9 billion euro share buyback

* ASML's second quarter net profit up 38%

AMSTERDAM, July 21 (Reuters) - ASML, one of the world's biggest suppliers to semiconductor companies, hiked its 2021 sales outlook on Wednesday and announced a new share buyback, as orders for its equipment soared amid a global computer chip shortage.

The Dutch company said demand remained strong as major chip makers, such as TSMC, Samsung and Intel , raced to expand production capacity.

ASML's stock price, already up more than 40% since the start of the year, rose 4% in morning trade in Amsterdam.

"Everybody is working extremely hard, us and our suppliers, to actually produce ... more machines," Chief Executive Officer Peter Wennink said. "It's all driven by basically what we are seeing today which is the digital revolution."

ASML's market valuation has swelled to a record high of more than 240 billion euros ($283 billion), as buoyant sales of consumer electronics in the pandemic, stockpiling in China and supply problems created a global shortage of semiconductors.

ASML, based in Veldhoven, in the south of the Netherlands, is the leading maker of lithography systems used to produce semiconductors. Each machine can cost up to 200 million euros.

Orders for lithography systems reached a record 8.3 billion euros in the second quarter, boosting an order book that was 75% larger than at the end of the first quarter.

ASML reported orders worth 4.9 billion euros for its extreme ultraviolet (EUV) machines used to manufacture advanced chips.

Alongside buying ASML's equipment, chipmakers invested in software to boost capacity of existing gear, Wennink said, helping drive up ASML's gross profit margin to 50.9%.

"Clients are structurally increasing capacity on the back of the digitalisation wave," ING analyst Marc Hesselink wrote in a note. "Overall there is a very positive tone on demand for 2021 and beyond."

ASML, which reported second quarter net profit up 38% at 1.02 billion euros ($1.2 billion), lifted its 2021 sales growth outlook to 35%.

It said it would buy back 9 billion euros worth of its own shares by the end of 2022, replacing its almost finished 6 billion euro buyback launched last year.

"I think the future for the industry looks bright. The semiconductor makers currently have a combined sales number of about $500 billion. That could be a trillion dollars by the end of this decade," Wennink said.

The bulk of ASML's sales are to Taiwan and South Korea, with China ranked third and the United States fourth.

($1 = 0.8495 euros) (Reporting by Bart Meijer; Editing by Subhranshu Sahu and Edmund Blair)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASML HOLDING N.V. -5.51% 677.4 Real-time Quote.80.33%
INTEL CORPORATION 0.81% 54.66 Delayed Quote.9.72%
SAMSUNG ELECTRONICS CO., LTD. 0.52% 77700 End-of-day quote.-4.07%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.67% 602 End-of-day quote.13.58%
All news about ASML HOLDING N.V.
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03:08aASMI expects next-gen chips to drive double-digit growth in core markets
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09/27European ADRs Move Higher in Monday Trading
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09/22ASML : Goldman Sachs reaffirms its Buy rating
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09/20ASML reports transactions under its current share buyback program
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09/15ASML : UBS gives a Neutral rating
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09/13ASML N : reports transactions under its current share buyback program
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Analyst Recommendations on ASML HOLDING N.V.
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Financials
Sales 2021 18 831 M 21 985 M 21 985 M
Net income 2021 5 530 M 6 457 M 6 457 M
Net cash 2021 789 M 922 M 922 M
P/E ratio 2021 53,5x
Yield 2021 0,47%
Capitalization 294 B 344 B 343 B
EV / Sales 2021 15,6x
EV / Sales 2022 13,5x
Nbr of Employees 27 777
Free-Float 96,7%
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ASML Holding N.V. Technical Analysis Chart | ASML | NL0010273215 | MarketScreener
Technical analysis trends ASML HOLDING N.V.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 34
Last Close Price 716,90 €
Average target price 722,87 €
Spread / Average Target 0,83%
EPS Revisions
Managers and Directors
Peter T. F. M. Wennink Co-President & Chief Executive Officer
Martin A. van den Brink Co-President & Chief Technology Officer
Roger J.M. Dassen Chief Financial Officer & Executive Vice President
Gerard Johannes Kleisterlee Chairman-Supervisory Board
FrÚdÚric J. M. Schneider-Maunoury Chief Operations Officer & Executive VP
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