$ASML Holding NV(ASML)$ a key supplier to chipmakers, has been restricted from selling its most advanced tools to 🇨🇳 since 2019. However, ASML said on 28/1 (Sat) it understood progress had been made towards an agreement among several governments on new restrictions on semiconductor manufacturing equipment exports to 🇨🇳 However, the measures were not expected to have a material impact on its 2023 financial forecasts as it takes ⏰ for the agreements to be detailed out & implemented into legislation. This positive 📰 rides on the back of ASML beating Q4 earnings forecasts on 25/1 (Wed) & forecast a rise more than 25% in 2023 sales despite dealing with the curbs on its exports to 🇨🇳
🕵🏻♀️🕵🏻♂️Let’s have a look at the Q4 2022 Earnings Report for ASML:
⭐️ Revenue: €6.43 Billion
👍 Beat forecast of €6.38 Billion
👍 Revenue increased 11.3% over Q3 2022 of €5.78 Billion
👍 Revenue increased 29.06% over Q4 2021 of €4.99 Billion
⭐️Diluted Earnings Per Share (EPS): €4.60
👍 Diluted EPS increased 7.2% over Q3 2022’s €4.29
👍 Diluted EPS increased 5.0% over Q4 2021’s €4.38
⭐️Dividend per Share: €1.69
👍 Dividend per Share increased 23.4% over Q3 2022’s €1.37
⭐️Cash Flow from Net Income: €1.82 Billion
👍 Cash Flow from Net Income increased 6.8% from Q3 2022’s €1.70 Billion
👍 Cash Flow from Net Income increased 2.4% from Q4 2021’s €1.77 Billion
⭐️ Q1 2023 outlook is for revenue to be €6.3 Billion (range of €6.1 to €6.5 Billion)
🤔💭QN: Buy, Hold, or Sell⁉️
🐂 Although the outlook from the recent earnings of TSM, TXN, & LCRX were not that positive, the outlook from ASML was more positive as its order backlog had grown to a record €40 billion euros at the end of 2022.
⭐️ ASML CEO Peter Wennink said that although the economic outlook for 2023 is clouded by worries over the economy & growing semiconductor inventories, their customers see conditions improving toward the end of the year & 🇨🇳 economy recovering, & the the demand is higher than supply.
⭐️ The current consensus among polled investment analysts is a BUY🤔
⭐️ 8 analysts offering price forecasts for ASML have a median price🎯 of $747.45 with a high estimate of $927.78 & a low $501.
‼️ ASML has a 52-Week High of $799.36 & a 52-Week Low of $363.15 & the closing price of was $667.39 on 27/1 (Fri).
I’m closely watching ASML as it’s in the top 10 holdings of $iShares Semiconductor ETF(SOXX)$ which is a major ETF in the semiconductor industry. From both the listed history & 6 months graphs, we can tell that SOXX closely mirrors the ASML stock chart.
By considering ASML’s performance & forecast, it will give us 🐯🐯🐯 an idea of whether the chip stocks Down Cycle is over😉
$Semiconductor Bull 3X Shares(SOXL)$
Many investors are eagerly waiting for the earnings of AMD on 31 Jan & NVDA on 22 Feb for further 🐂 rallies.
$Advanced Micro Devices(AMD)$
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