ASML: Berenberg raises target price.
(CercleFinance.com) - Berenberg is maintaining its "buy" rating on ASML and has raised its target price from 100 euros to 131 euros, with extreme ultraviolet lithography (EUV) technology set to be adopted.
In the broker's opinion, EUV will be adopted on time, within the 2019/2020 time frame, in order to support the manufacturing process for 7nm logic nodes and/or equivalent.
TSMC and Intel both have several EUV tools already, Berenberg said, which also believes Samsung will be placing a volume order "soon."
ASML remains one of its favourite semi-conductor component names.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In the broker's opinion, EUV will be adopted on time, within the 2019/2020 time frame, in order to support the manufacturing process for 7nm logic nodes and/or equivalent.
TSMC and Intel both have several EUV tools already, Berenberg said, which also believes Samsung will be placing a volume order "soon."
ASML remains one of its favourite semi-conductor component names.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.