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ASML Holding N.V. (symbol: ASML) is a pivotal player in the semiconductor industry, renowned for its cutting-edge lithography systems. Headquartered in Veldhoven, the Netherlands, ASML develops, produces, markets, sells, and services advanced equipment essential for the manufacturing of memory and logic chips. Their product portfolio includes extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, as well as metrology and inspection solutions, which enable semiconductor manufacturers to create increasingly complex and efficient microchips.
ASML stands at the forefront of photolithography, a process where light is used to transfer circuit patterns onto silicon wafers. The company's advancements in EUV lithography have revolutionized the industry, allowing for higher transistor densities on chips. This technology is critical for the production of next-generation chips used in AI, mobile devices, and other high-tech applications.
ASML's clientele includes industry giants like TSMC, Samsung, and Intel. The company primarily acts as an assembler, outsourcing the manufacturing of most of its parts. This business model has allowed ASML to focus on innovation and efficiency, maintaining its leadership in the market.
Financially, ASML continues to demonstrate robust performance. The company reported €6.9 billion in net sales and €1.9 billion in net income for Q2 2023. Heading into 2024, ASML maintains a strong revenue outlook, despite the semiconductor industry's cyclical nature. Recent collaborations, such as the Memorandum of Understanding with imec, underscore ASML's commitment to advancing semiconductor research and sustainable innovation in Europe.
Moreover, the company's strategic moves, including substantial investments in R&D and share buyback programs, reflect ASML's proactive approach to growth and shareholder value. The announcement of Christophe Fouquet succeeding Peter Wennink as President and CEO marks a new chapter, with Fouquet's deep industry experience expected to steer the company toward continued success.
ASML's products and services contribute significantly to the advancement of microchip technology, addressing global challenges in healthcare, energy conservation, mobility, and more. With over 42,700 employees, ASML is dedicated to pushing technological boundaries, making chips that are more affordable, powerful, and energy-efficient. Discover more about ASML's innovative solutions and career opportunities on their website.
ASML has reported share repurchase transactions under its current buyback program, originally announced on July 21, 2021. The transactions detailed a total of 301,481 shares repurchased over five days from August 2 to August 6, 2021, at a weighted average price ranging from 647.09 to 677.24 per share. The total repurchased value amounted to over 195 million euros. This systematic buyback aims to enhance shareholder value and demonstrates ASML's commitment to returning capital to its investors.
ASML has reported transactions under its current share buyback program initiated on July 21, 2021. The company repurchased a total of 60,992 shares on July 26 at an average price of €640.46, totaling approximately €39.06 million. Additional repurchases included 61,593 shares on July 27 for €634.20, and 61,437 shares on July 28 for €635.82. This ongoing buyback is part of ASML's strategy to enhance shareholder value, demonstrating the company's commitment to capital return.
ASML reports ongoing transactions under its current share buyback program.
On July 22 and July 23, 2021, ASML repurchased a total of 124,741 shares at a weighted average price of €626.39, amounting to a total value of €78,125,483.55. The buyback program, initiated on July 21, 2021, is aimed at enhancing shareholder value. Regular updates will be disclosed to comply with Market Abuse Regulation (No. 596/2014).
ASML has released a report on its share buyback program for 2020-2022, detailing transactions under this initiative. The buyback program, which commenced on January 22, 2020, continues to enhance shareholder value. Recently, on July 19 and July 20, 2021, the company repurchased a total of 108,380 shares at average prices of 574.81 and 578.69.
These purchases aggregate to a total value of approximately 62.5 million, reflecting ASML's commitment to returning capital to shareholders.
ASML reported €4.0 billion net sales and €1.0 billion net income for Q2 2021, with a gross margin of 50.9%. The company expects a 35% increase in net sales for 2021, and Q3 sales are forecasted at €5.2 to €5.4 billion. Net bookings reached €8.3 billion, boosting the backlog to €17.5 billion. ASML announced a new share buyback program of up to €9 billion, replacing the previous €6 billion plan, and aims to cancel the majority of repurchased shares. The CEO highlighted strong demand across market segments, particularly for EUV systems.
ASML has reported several transactions under its ongoing share buyback program initiated on January 22, 2020. Recent transactions include the repurchase of 53,128 shares on July 12, 2021, for a total value of approximately €31.25 million, with a weighted average price of €588.20. Following this, 52,262 shares were repurchased on July 13 for the same value, at a weighted average of €597.94. The key goal of this program is to enhance shareholder value by reducing the number of outstanding shares.
ASML has reported transactions under its ongoing share buyback program, originally announced on January 22, 2020. Recent buybacks include 53,775 shares at an average price of 581.14 on July 5, 2021, and several others over the following days, totaling to total repurchased value of approximately 31.25 million. This program aims to enhance shareholder value by reducing share supply and potentially increasing earnings per share.
ASML has reported transactions under its current share buyback program, initiated on January 22, 2020. Notably, the company repurchased a total of 53,603 shares on June 28, 2021, at a weighted average price of €582.99, amounting to €31,250,168.42. Subsequent purchases included 53,197 shares at €587.44, 53,443 shares at €584.73, 53,940 shares at €579.35, and 53,913 shares at €579.63 over the following days. This ongoing buyback reinforces ASML's commitment to enhancing shareholder value.
ASML has reported transactions under its ongoing share buyback program initiated on January 22, 2020. Recently, the company repurchased a total of 54,958 shares at a weighted average price of €568.61 on June 21, 2021, totaling €31,249,602.43. On June 22, 2021, another 54,831 shares were bought at €569.93, amounting to €31,249,777.00. The trend continued with further repurchases on subsequent days, reflecting ASML's commitment to enhancing shareholder value.
ASML recently updated its shareholders on the ongoing share buyback program initiated on January 22, 2020. The report specified that transactions included the purchase of 54,147 shares on June 14, 2021, at an average price of 577.13, totaling 31,249,733.57. Other significant transactions occurred on subsequent days, with total purchases ranging from 53,311 to 54,147 shares. This buyback initiative aims to enhance shareholder value, aligning with the company’s strategy to boost stock performance.
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