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Ben Harwood ... (+2)
  • Ben Harwood
  • Pierre FerraguÊ
Pierre FerraguÊ
  • Pierre FerraguÊ

Capex revisions, Replatforming, Memory Pricing, Semicap, Tesla, Apple....

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the 27 names we followed last week, follow the link.

 PRESS RELEASE

ASML reports transactions under its current share buyback program

ASML reports transactions under its current share buyback program ASML reports transactions under its current share buyback program VELDHOVEN, the Netherlands – ASML Holding N.V. (ASML) reports the following transactions, conducted under ASML's current share buyback program. DateTotal repurchased sharesWeighted average priceTotal repurchased value29-Jan-2621,500€1221.13€26,254,24130-Jan-2619,686€1206.22€23,745,621 ASML’s current share buyback program was announced on 28 January 2026, and details are available on our website at This regular update of the transactions conducted under the b...

ASML Holding NV: 3 directors

Three Directors at ASML Holding NV sold 3,700 shares at between 1,225.000EUR and 1,300.000EUR. The significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ov...

Marc Hesselink ... (+3)
  • Marc Hesselink
  • CFA
  • Thymen Rundberg

ASML/Early innings of AI investment wave/BUY

ASML reported exceptionally strong order intake in 4Q25. On top of that we have seen significant incremental positive newsflow, especially around AI for both logic and memory underpinning robust semiconductor equipment demand in the coming years. We reiterate our BUY rating and raise our target price to €1,500 (up from €1,350).

Nokia Corp: 1 director

A director at Nokia Corp bought 100,000 shares at 5.374EUR and the significance rating of the trade was 95/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

 PRESS RELEASE

Nokia Corporation - Managers' transactions (Ihamuotila)

Nokia Corporation - Managers' transactions (Ihamuotila) Nokia CorporationManagers’ transactions30 January 2026 at 17:00 EETNokia Corporation - Managers' transactions (Ihamuotila) Transaction notification under Article 19 of EU Market Abuse Regulation.____________________________________________Person subject to the notification requirementName: Ihamuotila, Timo Position: Member of the Board Issuer: Nokia CorporationLEI: 549300A0JPRWG1KI7U06 Notification type: INITIAL NOTIFICATIONReference number: 140802/5/8 ___________________________________________Transaction date: 2026-01-30Venue: AQ...

 PRESS RELEASE

Nokia Oyj - Johtohenkilöiden liiketoimet (Ihamuotila)

Nokia Oyj - Johtohenkilöiden liiketoimet (Ihamuotila) Nokia OyjJohtohenkilöiden liiketoimet30.1.2026 klo 17.00Nokia Oyj - Johtohenkilöiden liiketoimet (Ihamuotila) Markkinoiden väärinkäyttöasetuksen 19. artiklan mukainen ilmoitus liiketoimesta.____________________________________________IlmoitusvelvollinenNimi: Ihamuotila, TimoAsema: Hallituksen jäsen Liikkeeseenlaskija: Nokia CorporationLEI: 549300A0JPRWG1KI7U06Ilmoituksen luonne: ENSIMMÄINEN ILMOITUSViitenumero: 140802/5/8 ____________________________________________Liiketoimen päivämäärä: 2026-01-30Kauppapaikka: AQEAInstrumenttityyppi...

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri
Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri
ABGSC Telecom Equipment Research ... (+2)
  • ABGSC Telecom Equipment Research
  • Simon Granath
Alvaro del Pozo
  • Alvaro del Pozo

NOKIA: MENSAJES DE LA CONFERENCE CALL RDOS. 4T’25 (ANÁLISIS BANCO SABA...

De la conference call de Rdos. 4T’25 destacamos: Reconocen que la guía de 2026 de crecimiento del +10%/12% de la división Network Infrastructure (

Ben Harwood ... (+2)
  • Ben Harwood
  • Pierre FerraguÊ

Nokia 4Q25: Infrastructure momentum reflected in expectations. 2026 EB...

Nokia reported 4Q25 this morning. Please see our take on the print.

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri
Alvaro del Pozo
  • Alvaro del Pozo

NOKIA: RDOS. 4T’25 (ANÁLISIS BANCO SABADELL)

Rdos. 4T'25 vs 4T'24: Ventas: 6.130 M euros (+2,5% vs +2,5% BS(e) y +2,5% consenso); EBIT: 1.058 M euros (-7,4% vs -12,2% BS(e) y -10,9% consenso); BDI: 882,0 M euros (-9,7% vs -18,2% BS(e) y -15,3% consenso). Rdos. 2025 vs 2024: Ventas: 19.899 M euros (+2,4% vs +2,4% BS(e) y +2,4% consenso); EBIT: 1.950 M euros (-25,5% vs -27,6% BS(e) y -27,0% consenso); BDI: 1.590 M euros (-26,2% vs -30,0% BS(e) y -28,7% consenso).

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri
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