New Street Research - ASML Holding NV (ASML) ASML 3Q21 – Minor short-term downside, off full expectations. Neutral, €660 Target Price.

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New Street Research

Pierre FerraguÊ

ASML 3Q21 – Minor short-term downside, off full expectations. Neutral, €660 Target Price.

ASML reported 3Q21 this morning. Our take on the print.

20/10/2021 11 EN

Underlying

ASML Holding NV

ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.

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NL0010273215 Euronext Amsterdam Netherlands

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Analysts

Pierre FerraguÊ

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ASML 3Q21 – Minor short-term downside, off full expectations. Neutral, €660 Target Price.

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/18/2024

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/04/2024

ASML : Weak order intake in Q1 (TSMC absent again, not set to be on the sidelines for long), but structural story remains unchanged

Tele2 (Neutral, TP: SEK 110, +13%) Q1 24: A good start to the European Telco Q1 24 earnings season

TSMC 1Q24: Auto cycle hits; leading-edge demand remains strong

WISE (Neutral, TP: £8.30, +0%) WISE FY 24 update: Where did the Cross-border volume growth go?

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