文章核心观点 - 公司目前正面临其半导体制造设备订单疲软的局面 [1] - 尽管人工智能(AI)热潮带动了半导体需求,但公司第三季度订单增长放缓,除AI以外的其他业务均出现困难 [2] - 公司2024年和2025年的收入指引下调,导致股价大跌 [3] 行业和公司分析 - 半导体设备行业具有周期性,公司目前正处于下行周期,但长期来看行业仍有望保持9%的年均增长 [4] - 如果公司未来10年收入以10%的年复合增长率增长,到2030年将达到约542亿美元,并保持30%的营业利润率 [4] - 公司股价目前估值不算便宜,但仍有望在未来5年内实现良好表现 [5] - 公司股息增长潜力大,过去10年股息增长710%,未来有望继续提高 [6]

报告公司投资评级 - ASML 被下调至"中性"评级 [3] 报告的核心观点 - ASML 2024Q3 业绩好于预期,但新增订单大跌 [1] - 逻辑设备季度订单回落,2025 年指引区间下修 [3] - 长期看好 AI 需求,但中短期成熟制程逆风、Intel、三星电子资本开支削减仍有隐忧 [3] 按目录分别总结 业绩表现 - 2024Q3 收入 74.67 亿欧元,同比增长 11.9%,超预期 [1] - 2024Q3 净利润 20.77 亿欧元,同比增长 9.7%,超预期 [1] - 2024Q4 收入指引 88-92 亿欧元,高于一致预期 [1] 订单情况 - 2024Q3 新增订单 26.33 亿欧元,同比增长 1.2%,但环比下降 52.7%,低于预期 [1] - 2024Q3 末累计订单规模 360 亿欧元,环比下降 [1] 分部表现 - 逻辑设备 2024Q3 收入 37.93 亿欧元,同比下降 6%,但环比增长 48% [3] - 逻辑设备 2024Q3 新增订单 12.11 亿欧元,同比下降 42%,环比下降 70% [3] - 存储设备 2024Q3 收入 21.33 亿欧元,同比增长 67%,环比下降 3% [3] - 存储设备 2024Q3 新增订单 14.22 亿欧元,同比增长 173%,环比下降 5% [3] 未来展望 - 2025 年全年销售额预计 300-350 亿欧元,低于此前预估的 300-400 亿欧元,主要因 low NA EUV 需求减少 [3] - 预计 2025 年 low NA EUV 设备出货量低于 50 台 [3] - 中短期内,全球成熟制程半导体供需关系复苏慢于预期,关键客户 Intel、三星电子资本开支削减可能对 ASML 业绩产生不利影响 [3]

文章核心观点 - ASML Holding N.V.作为一家芯片设备制造商,在第三季度报告的业绩低于预期,并且下调了2025年的销售预测 [1] - 这导致ASML的股价在首个交易日下跌16% [1] 公司情况总结 - ASML是一家专注于制造半导体设备的公司,尤其是用于生产先进芯片的光刻机 [1] - 公司在第三季度的业绩低于预期,这导致其股价大幅下跌 [1] - 公司还下调了2025年的销售预测 [1] 行业情况总结 - 半导体行业是一个高度技术密集型的行业,需要大量资本投入和研发投入 [1] - ASML作为行业内的领先企业,其业绩表现直接影响到整个行业的发展 [1] - 公司业绩的下滑可能反映出整个行业面临一些挑战 [1]

This sell-off looks like a great buying opportunity.As almost every investor knows by now, artificial intelligence (AI) has been driving the current bull market since its start in 2023.The launch of OpenAI's ChatGPT has set off a new arms race in the industry, and generative AI technology could be as transformative as the internet. While stocks with exposure to artificial intelligence, like the semiconductor sector, have generally done well, some stocks have done better than others.Nvidia, for example, just ...

文章核心观点 - 该文章是一名资深研究分析师的投资组合分享,分析师拥有10年投资银行从业经验,专注于行业和公司研究,擅长解读各种新闻、事件、财报等,发现潜在的投资机会和风险 [1] - 分析师表示自己持有ASML、NVDA、TSM的多头头寸,并表示这是自己的真实观点,没有收到任何报酬 [1] 行业总结 - 投资存在风险,包括资本损失,投资者在做出任何投资决策前都应该进行深入的个人研究和尽职调查 [2] - Seeking Alpha不是持牌证券交易商、经纪商或美国投资顾问,其分析师是第三方作者,既有专业投资者也有个人投资者,可能未经任何机构或监管机构的认证 [2]

Many investors are curious about ASML stock after the price dropped by roughly 20%.Investors should evaluate several important factors from ASML's (ASML 3.23%) latest results before jumping in to buy the dip.*Stock prices used were the afternoon prices of Oct. 15, 2024. The video was published on Oct. 17, 2024. ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

When a high-quality company has a fall, it's usually a good buying opportunity.Shares of semiconductor equipment leader ASML Holdings (ASML 2.50%) plummeted 16.7% this week through Thursday trading, according to data from S&P Global Market Intelligence.ASML made news on Tuesday when it accidentally leaked its earnings report a day early, causing the big decline. But it wasn't the early nature of the leak that took the stock down, or really the reported revenue and profits. Rather, it was the bookings figure ...

Why China is not the only issue the company is facing.Shares of ASML Holding (ASML 2.50%) plunged after the maker of semiconductor equipment lowered guidance and said that recovery in some chip markets would extend into 2025. The drop pushed the stock into negative territory on the year.The stock came under pressure earlier this year after the U.S. government announced it was looking to implement more strict trade restrictions on companies that sell advanced technology to China, which extended beyond U.S. c ...

文章核心观点 - 半导体设备巨头ASML公司最新季度业绩报告令投资者失望 [1][2][3][4] - 公司预期2025年收入将在300亿欧元至350亿欧元之间,低于此前预期的300亿欧元至400亿欧元 [4] - 公司表示半导体行业复苏步伐较预期更为缓慢,某些客户在新工艺节点的产能提升也较慢 [3] 行业分析 - 2024年全球半导体设备支出预计增长3.4%,2025年将增长17%至1280亿美元 [5] - 人工智能浪潮带来的多样化应用将推动半导体设备需求增长 [6] - 边缘人工智能设备市场有望从2021年的200亿美元增长至2032年的2700亿美元 [6][7] 公司分析 - ASML公司在全球半导体行业中扮演关键角色,是值得关注的投资标的 [7] - 公司目前股价估值为38倍市盈率,如果估值进一步下降可能是不错的买入机会 [7]