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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ASML Holding N.V.    ASML   NL0010273215

ASML HOLDING N.V.

(ASML)
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ASML CEO sees strong demand from logic chip makers in 2020

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11/14/2019 | 04:12am EST
ASML Holding CEO Peter Wennink attends a news conference after fourth quarter earnings, in Eindhoven

The chief executive of semiconductor chip equipment manufacturer ASML Holding NV said on Thursday the company continued to see strong demand from high-end computer chip makers, though the market for memory chips remained weak.

Peter Wennink was speaking at the Morgan Stanley European Technology, Media and Telecoms conference in Barcelona.

"Logic is strong, that will extend into 2020, we don't see any relief of that pressure," he said.

However "on the memory side we are still in the doldrums," he said.

He added that he expected the memory chip market to recover and was "positive" about it in the medium term.

ASML is a major supplier to semiconductor makers such as Samsung, TSMC and Intel. In October the company forecast sales of 3.9 billion euros (£3.4 billion) in the fourth quarter.

Wennink repeated a forecast that the company expects to ship 35 of its newest EUV lithography systems in 2020. He added the company would have capacity to ship 45-50 of them in 2021.

Lithography systems are used to create the circuitry of computer chips. Analysts estimate the company's newest EUV systems cost 130 million euros each.

(Reporting by Douglas Busvine; Writing by Toby Sterling; Editing by Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
ASML HOLDING N.V. 3.52% 253 Delayed Quote.78.15%
INTEL CORPORATION 1.46% 56.9 Delayed Quote.19.50%
MORGAN STANLEY 2.04% 50.07 Delayed Quote.23.76%
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Financials (EUR)
Sales 2019 11 712 M
EBIT 2019 2 800 M
Net income 2019 2 589 M
Finance 2019 216 M
Yield 2019 0,95%
P/E ratio 2019 40,1x
P/E ratio 2020 29,0x
EV / Sales2019 8,74x
EV / Sales2020 7,60x
Capitalization 103 B
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Technical analysis trends ASML HOLDING N.V.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 248,95  €
Last Close Price 244,35  €
Spread / Highest target 22,8%
Spread / Average Target 1,88%
Spread / Lowest Target -38,2%
EPS Revisions
Managers
NameTitle
Peter T. F. M. Wennink Co-President & Chief Executive Officer
Martin A. van den Brink Co-President & Chief Technology Officer
Gerard Johannes Kleisterlee Chairman-Supervisory Board
Frédéric J. M. Schneider-Maunoury Chief Operations Officer & Executive VP
Roger J.M. Dassen Chief Financial Officer & Executive Vice President
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