ASML - ASML: Hold Your Breath Until 2025

2024-02-01 15:23:25 ET

Summary

• ASML Holding N.V. recently published its Q4 and annual 2023 results.
• A strong increase in net bookings could signal that the bottom of the semiconductor market cycle is fading, and the company can gear up for strong future growth.
• 2024 will likely be an unusual year for ASML, with close to zero growth. But the company plans on using this year to prepare for what's to come.
• If the recovery trend continues, 2025 could be a wonderful year for ASML, with sales growth of 30% or higher.
• ASML shares are currently trading around an all-time high, but I will continue to hold them with the possible 2025 recovery in the back of my mind.

ASML Holding N.V. (ASML) reported its Q4 2023 results last week, with many metrics not surprising to most analysts and investors. The thing on which most media focused, though, was the strong increase in orders - called net bookings by ASML, which have increased to more than €9B in Q4 2023. As a result, the stock jumped by almost 10% the day the earnings report was released....

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