APPLIED MATERIALS, INC.

(AMAT)
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Delayed Nasdaq  -  04:00 2022-08-17 pm EDT
106.00 USD   -2.30%
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ASML shares fall on report US wants to restrict sales to China

07/05/2022 | 02:04pm EDT
FILE PHOTO: Illustration shows ASML logo

AMSTERDAM (Reuters) - Shares in ASML Holding, a key supplier of equipment to semiconductor makers, fell on Tuesday following a Bloomberg News report that the U.S. government wanted to restrict the company from selling equipment to China.

ASML had already been unable to ship its most advanced tools to China, but the report said Washington would also restrict the sale of slightly older machines.

ASML's U.S. shares sank 7.2% in the wake of the report.

Other chip gear makers also lost ground, with Lam Research off 3.6% and Applied Materials losing 2.4%.

A spokesperson for ASML said the company was unaware of any policy change.

(Reporting by Toby Sterling; Editing by Bernadette Baum)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLIED MATERIALS, INC. -2.30% 106 Delayed Quote.-30.24%
ASML HOLDING N.V. -2.44% 543.9 Real-time Quote.-21.11%
LAM RESEARCH CORPORATION -2.51% 497.56 Delayed Quote.-29.03%
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Financials (USD)
Sales 2022 25 341 M - -
Net income 2022 6 548 M - -
Net Debt 2022 1 846 M - -
P/E ratio 2022 14,7x
Yield 2022 0,92%
Capitalization 94 381 M 94 381 M -
EV / Sales 2022 3,80x
EV / Sales 2023 3,48x
Nbr of Employees 27 000
Free-Float 43,0%
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Mean consensus BUY
Number of Analysts 30
Last Close Price 108,49 $
Average target price 133,37 $
Spread / Average Target 22,9%
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Managers and Directors
Gary E. Dickerson President, Chief Executive Officer & Director
Brice A. Hill Chief Financial Officer & Senior Vice President
Thomas J. Iannotti Chairman
Omkaram Nalamasu Chief Technology Officer & Senior Vice President
Jay O. Kerley Chief Information Officer & Senior Vice President
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