Sunday, September 27, 2020

ASML Holding (ASML) - Reiterating 'Buy'

 Most tech companies rely on integrated circuits (Chips). 

These are some companies who buy from ASML:


- Agilent 

- Ambarella 

- Applied materials

- Avid Technology Inc.

- Avnet

- Boeing Co.

- Broadcom

- Ciena Corp

- Cisco Systems

- Garmin Ltd

- Intel

- Juniper Networks

- Lockheed Martin

- Lumentum 

- Mellanox

- Micron

- Motorola

- Qorvo Inc

- Qualcomm

- Taiwan Semiconductor

- Texas Instruments

It's clear to see the dominance of ASML in this market and they don't relay on any single customer for a big part of their business.

- ASML is a leader in a technology known as extreme ultraviolet lithography- Essentially this allows finer patterns to be written onto a chip, which allows more transistors, thus increasing its processing power.

- Company is repurchasing it's own shares.

- 0.62% Dividend.

- Revenue grew an average of 19.8% over the past three years.

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