Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam who wrote (52597)	6/27/2011 11:39:02 PM
From: Sam	2 Recommendations of 95572

ASML: Merrill Upgrades Jun. 27 2011 - 9:41 am By ERIC SAVITZ blogs.forbes.com Shares of the semiconductor equipment provider ASML Holding are trading higher Monday morning after Bank of America/Merrill Lynch analyst Jonathan Crossfield upped his rating on the stock to Buy from Neutral, setting a price target of $47. The stock closed Friday at $34.88. “Investing in ASML today is a balancing act between owning a structurally critical, market leading company at an attractive long term valuation and the direction of semiconductor capex in 2012 (we model flat, consensus says down),” he writes in a research note. “We favor the former and believe that the cyclical revenue risk is also mitigated by customers spending on EUV [extreme ultraviolet lithography] systems for future process development.” Crossfield concedes that “upgrading a semi cap stock at this stage of the cycle may seem incongruous, particularly following our downgrade of major customer TSMC last week to Underperform.” But he notes that since March Taiwan Semi is up 6%, while ASML is down 20%. ASML this morning is up 66 cents, or 1.9%, to $35.64.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next