ASMLF News and Headlines - ASML Holding NV

GuruFocus Articles Total 19
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Fund reduces holdings in overvalued semiconductors, invests in aerospace and e-commerce

David Herro (Trades, Portfolio)’s Oakmark International Fund recently released its portfolio update for the fourth quarter of 2019.

The Oakmark International Fund is a Chicago-based global investment fund that holds a diversified portfolio of stocks in companies outside of the U.S. Managed by Herro, the fund is a subset of Harris Associates, an investment company with over $118 billion in assets under management. The fund employs a focused approach of investing in relatively few individual securities that are trading at a discount to intrinsic value and show strong potential to increase value for shareholders.

Based on the

360 Views    Margaret Moran    2020-03-04 23:15
ASML Holding tops the list

Benjamin Graham, the father of value investing, suggested using certain financial strength criteria when picking stocks. In order to increase the likelihood of discovering quality companies, the search should be narrowed to include stocks that have the following characteristics:

  1. A current ratio of more than 2.
  2. A working capital that exceeds the long-term debt.

The current ratio indicates whether the balance sheet provides the company with sufficient margins to refund all of its short-term creditors. The current ratio is the result of total current assets divided by total current liabilities.

A working capital that exceeds long-term debt indicates

131 Views    Alberto Abaterusso    2019-12-15 20:57
The Head of European Equities from Trea Asset Management shares his ideas about investment strategies, 3D analysis and valuation

Xavier Brun is the head of European equities at Trea Asset Management, a Spanish investment house that manages 4.6 billion euros. He has a doctorate of economic sciences from the University of Barcelona, excellent cum laude, and a master's degree in banking and finance from IDEC at Pompeu Fabra University. He also has 15 years' experience in value investing as an investment manager, analyst, professor and opinion maker.

Brun was very kind to share some details of his investment strategy, his contrary thinking and investment ideas!

Roque: In your last annual fund commentary, you talked about dealing with uncertainty.

128 Views    Hugo Roque    2019-08-06 16:43
Guru invests in Dutch semiconductor company and a major telecom company

David Carlson (Trades, Portfolio), manager of the Elfun Trusts, disclosed in his second-quarter portfolio, which was released earlier this week, that he entered two positions and exited two others.

With the goal of generating long-term capital growth and future income, the guru’s fund, which is part of Boston-based State Street Global Advisors, picks stocks based on the company’s potential to increase net income and dividends over time.

Based on these criteria, Carlson established holdings in ASML Holding NV (ASML) and Verizon Communications Inc. (VZ) during the quarter. He sold out of Medtronic PLC (MDT) and Intuit Inc.

149 Views    Sydnee Gatewood    2019-08-02 16:56
Though semiconductor demand is currently depressed, Applied is tooling up to respond to coming demand for new chip architecture

The chip equipment manufacturing industry has been hit hard this year as investors' concerns with the implications of trade tensions with China heighten and forecasts for the semiconductor market turn sour. One stock among the chip equipment group that has been particularly battered is Applied Materials Inc. (AMAT). The stock that returned 13.9% annually for the past 10 years, plummeted 38% after reaching a high of $61.61 in March.


Applied Materials has been affected by the slowdown in smartphone sales globally and the concomitant reduced demand for semiconductor components. Taiwan Semiconductor Manufacturing (TSMC) trimmed

232 Views    John Kinsellagh    2018-12-11 22:26
Although the semiconductor equipment manufacturer is exposed to the growth prospects of EUV adoption, the market has already priced in the potential upside

ASML Holding NV (ASML) – the manufacturer of extreme ultraviolet lithography equipment for semiconductor fabrication – reported the results of its second quarter on Wednesday, beating both the top and bottom line consensus.

Revenue came in at $3.2 billion, up more than 30% on a year-over-year basis. Wall Street was modeling for revenue of $3.05 billion for the second quarter. Earnings reached $1.61 a share during the quarter, translating into approximately 26% year-over-year growth. Earnings per share were also ahead of analyst consensus of $1.42.

For the third quarter, the Netherlands-based semiconductor company is guiding for midpoint revenue of $3.2

50 Views    Soid Ahmad    2018-07-18 22:01
US precision chip equipment makers could be hardest hit

Semiconductor equipment makers are nervous about the latest trade spats with China. And, they should be worried, as many stand to lose a substantial amount of business if President Trump’s proposals for constraints on U.S. technology transfer to China are implemented.

For a number of weeks, the administration has advanced a two-part plan to restrict Chinese companies from securing advanced U.S. technology. This would include prohibitions on Chinese companies investing in U.S. tech companies. At the same time, technology exports to China would be limited. Both prongs of the plan are being justified on national security grounds.

The goal of

84 Views    John Kinsellagh    2018-06-28 14:35
The selloff is an overreaction as the supply constraint is likely to be short-lived

Semiconductor equipment manufacturers are taking a hit today on negative commentary from a bullish analyst.

Evercore ISI analyst CJ Muse noted Lam Research (LRCX) – the manufacturer of semiconductor equipment for integrated circuit fabrication – is facing short-term headwinds as memory players are delaying equipment procurement, which is likely to affect the company's second and third-quarter results. Muse, however, expects the slump will be short-lived. The analyst holds a $300 price target on Lam Research, an upside of 60% over Thursday’s opening price.

According to Muse’s channel checks, Samsung (SSNLF) is pushing out the purchase of memory equipment amid delays

154 Views    Soid Ahmad    2018-06-07 20:14
Stocks that are still outperforming the market

According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.

Alexandria Real Estate Equities Inc. (ARE) with a market cap of $10.84 billion has outperformed the S&P 500 Index by 5.2% over the last 12 months.

The company is a real estate investment trust. It is engaged in science-driven cluster formation through ownership, operation, management and selective redevelopment and development of properties in the office/laboratory space.

Its shares are trading with a

125 Views    Tiziano Frateschi    2017-07-13 19:04
Both exhibit steady ROE and ROA for over five years

Thanks to GuruFocus’ All-In-One Screener, we can highlight stocks that have growing dividend yields with sustainable payout ratios. This sustainability is linked to a company having long-term profitability and a very strong financial situation.

RF Industries Ltd. (RFIL) has a dividend yield that during the last five years has grown by 96%. The yield is 7.76% with a payout ratio of 767%. The average ROA of the last five years has been positive at 6.83% and ROE has averaged 7.59%.

The company has current ROE of 0.06%, underperforming 71% of other companies in the Global Electronic Components industry, and

1145 Views    Tiziano Frateschi    2016-08-09 20:03
Guru stock highlight

ASML Holding N.V. (ASML) is a unique, near-monopoly company in semiconductor manufacturing. ASML’s equipment, which prints the tiniest circuits for chips, is used by nearly every manufacturer. Over the next few years, ASML plans to roll out equipment that can print circuits smaller than any other company. We believe over time its equipment will become indispensable and earnings will grow rapidly. Shares were up in the first quarter after management stated on its earnings call that it expects equipment orders to accelerate in the second half of 2016.

From Baron Fifth Avenue Growth Fund first quarter commentary 2016.

491 Views    Holly LaFon    2016-05-23 21:30
Commentary on markets and holdings

The Oakmark International Fund declined 3% for the quarter ended March 31, 2016, underperforming the MSCI World ex U.S. Index, which declined 2% over the same period. Most importantly, the Fund has returned an average of 9% per year since its inception in September 1992, outperforming the MSCI World ex U.S. Index, which has averaged 6% per year over the same period.

Glencore (LSE:GLEN) (Switzerland), one of the world’s largest commodities and trading companies, was the top contributor for the quarter, returning 70%. Concerns about weaker-than-expected demand for copper in China drove the price of commodities lower last year and

1340 Views    Holly LaFon    2016-04-11 22:26

Point72 Asset Management, L.P. is a family office managing the assets of its founder, Steven Cohen (Trades, Portfolio), and eligible employees. He is a billionaire hedge fund investor and the founder of SAC Capital Advisors. Cohen grew up in Great Neck, New York, and he attended the Wharton School of Business at the University of Pennsylvania.

Last quarter, the firm increased its holdings in Lam Research (LRCX) by buying 591,152 shares. As of March 31, Point72 was holding 733,552 shares of the company. The following chart shows Steve Cohen's holding history in Lam Research.

878 Views    Ashish Sharma    2015-05-27 13:49

In a recent report, JP Morgan analysts predicted continued growth for Semiconductors stocks through 2016, driven by technology transitions in memory and 10nm FF. In their research note they talked about capital intensity increasing in the industry. According to them,

"Overall, 2015 WFE spending will likely come in +3% to up 7% from last year's ~$32B level ($33-$34B range) - we model $33.5B. We have fielded many investor questions / concerns on whether 2015 will mark the peak spending year for semiconductor equipment.

In general, we see capital intensity increasing by 10-15% on a per wafer basis when

1354 Views    Ashish Sharma    2015-05-17 03:33
ASML Holding (ASML) is the largest designer and manufacturer of semiconductor capital equipment in the world. We believe the company is unique due to its de-facto monopoly status in high-end lithography and that its proprietary Extreme Ultra Violet (EUV) technology is a game changer that will position ASML for significant multi-year growth. From [url=]Ron Baron[/url]'s Baron Funds [url=]third quarter 2013 commentary[/url].
367 Views    Holly LaFon    2013-11-25 22:32
Among the third quarter portfolio updates that have been reported recently, there were some stocks originating beyond domestic borders that appeared as new buys on several portfolios. Below are the top international stocks that multiple Gurus reported as new purchases in the third quarter, according to [url=]GuruFocus International Picks[/url]. The stocks are based in locations such as Canada, Australia, Mexico, the Netherlands, China and India. [b]Nexen Inc. (NXY)[/b] There were 10 Guru investors that reported Nexen Inc. (NXY) as a new holding in the third quarter. These investors were: [url=]Eric Mindich[/url], [url=]Jim Simons[/url], John Paulson, [url=]Daniel Loeb[/url], [url=]Jeremy Grantham[/url], [url=]Prem
1854 Views    Dianne Tordillo    2012-11-21 19:50
Here is a current overview of the best yielding stocks with a market capitalization over USD2 billion that have their ex-dividend date on the next trading day. If your broker settles your trade today, you will receive the next dividend. A full list of all stocks with ex-dividend date can be found here: [url=]Ex-Dividend Stocks April 30, 2012[/url]. In total, 15 stocks and preferred shares go ex-dividend of which 6 are yielding above 3%. The average yield amounts to 3.43%. The ex-dividend date is a major date related to the payment of dividends. If you purchase a stock on its
812 Views    Dividend    2012-04-27 14:29
In the case of KLA-Tencor (KLAC), the market seems to have done a good job of getting the stock to the right levels as it lies just below its 2007 pre-credit crisis highs. The company is obviously leveraged to the economic recovery with the demand of semiconductors very cyclical in nature. And it would normally be a good prospect for a portfolio, however, at these prices it seems that the stock is being properly priced as all of the valuation metrics to a “T” suggest that the stock is fairly valued. I suggest that investors stay away from KLA-Tencor at
357 Views    2012-03-13 16:39
Cowboy daredevils have their bucking bulls and broncos to ride. And thrill-seeking teenagers can strap themselves into rollercoaster’s with loops, corkscrews and 400-foot drops when they need a rush. But investors looking for the same intense up and down motions – and the charge of holding on for dear-life – can get their kicks from the notoriously volatile semiconductor industry… and even more so from the companies that manufacture its equipment. Of that sub-sector, lithography – the business of writing interpretable codes on hard surfaces like computer chips – brings in the largest revenue amounts. In 2008, it accounted for
2971 Views    guruek    2010-01-20 14:06

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