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Wednesday saw BofA Securities affirm their Buy rating on ASML Holding NV (AS:ASML:NA) (NASDAQ: ASML), with a consistent price target of EUR803.00. The stock, currently trading at $683.35, has experienced a significant 10.87% decline over the past week, according to InvestingPro data. BofA Securities highlighted the company’s fourth-quarter results, which surpassed consensus estimates, with revenues exceeding expectations by 2.5% and earnings per share (EPS) by 3%. The first quarter of 2025 sales outlook is projected to be 16% lower quarter-over-quarter, yet it is still 9% higher than the consensus forecast. With trailing twelve-month revenues of $29.3 billion and a robust gross margin of 51.15%, ASML maintains its position as a prominent player in the semiconductor industry. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 12 additional ProTips available for subscribers.
ASML’s bookings for the quarter were notably strong at €7.1 billion, a significant jump from €2.6 billion in the third quarter and well above the consensus estimate of €4.0 billion. This represents a 78% increase from what was anticipated by Visible Alpha consensus. The bookings were driven by a 114% quarter-over-quarter increase in Extreme Ultraviolet (EUV) lithography systems and a 242% rise in non-EUV systems orders.
The company’s memory segment orders, which account for 39% of the total, saw a 91% increase from the previous quarter. Logic orders, which make up 61% of the total mix, surged by 265% sequentially. This includes €3.0 billion worth of EUV orders, evenly split between Foundry and DRAM segments. ASML maintains a strong financial health score of 2.51 on InvestingPro, where subscribers can access comprehensive Research Reports covering 1,400+ top stocks, including detailed analysis of ASML’s market position and growth potential.
In their commentary, BofA Securities analysts stated, "We maintain our Buy rating with an unchanged PO of €803." This reiteration comes after ASML’s strong quarterly performance and the positive outlook for the upcoming quarter, signaling confidence in the company’s ongoing growth trajectory.
In other recent news, ASML Holding NV has been the focus of various financial adjustments and revised forecasts. The semiconductor equipment giant reported impressive fourth-quarter and full-year 2024 performance, surpassing expectations with robust quarterly revenues of €9.3 billion. The company’s earnings per share also outperformed, coming in at €6.85, and bookings were particularly strong, totaling €7.1 billion. Bernstein analysts maintained an Outperform rating and a price target of €850, while Cantor Fitzgerald reaffirmed its neutral stance with a $900 price target.
ASML has provided an optimistic sales guidance of €7.75 billion for the first quarter of 2025, outpacing the consensus of €7.25 billion. However, BofA Securities revised ASML’s price target downwards to €803, reflecting a cautious stance towards the company’s future revenue and earnings projections. BNP Paribas (OTC:BNPQY) Exane reinstated coverage on ASML with an Outperform rating and a price target of EUR 817.00, emphasizing the company’s strong position in the semiconductor industry. These are recent developments in ASML’s financial trajectory.
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