ASM International Stock Hits Record High at €949 in Session
The Dutch semiconductor equipment manufacturer marks another session of significant gains in Amsterdam, in a well-oriented European market. The stock benefits from a target upgrade by two brokerage houses, including Goldman Sachs and Barclays, placing the value at the heart of the advanced semiconductor theme.
The Stock Hits €949 in Session and Records a Historical High
ASM International's stock rose by 3.46% to €938.00, after reaching €949.00 in the session, its historical high. This surpasses the previous record (€947.20), in a favorable environment for semiconductor stocks. The stock has extended its gain to 32.37% over three months and 76.12% over a year, and remains well above its technical benchmarks: the 50-day moving average (MM50) at €825.41 is surpassed by 13.64%, and the 200-day moving average (MM200) at €639.02 by nearly 47%.
The RSI at 61 remains neutral despite the surge, indicating that the upward momentum is not yet in the excess zone. The price is evolving above the 20-day moving average (MM20) at €883.11, with a gap of more than 6%, indicating a recent acceleration.
Two Firms Simultaneously Raise Their Targets, Including Barclays to €1,200
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Goldman Sachs raises its target from €895 to €955 and maintains a buy rating, while Barclays increases its target from €950 to €1,200, rating it overweight. This latest revision places the target about 28% above the current price, fueling today's movement in the stock. The sectoral context remains favorable, as China sees its producer prices accelerate under the effect of the global AI boom and the demand for electronic components.
The valuation remains high: according to the consensus of surveyed analysts, the stock is priced at about 42.6 times the earnings of the current fiscal year and 34.7 times those of the following year. The €947-€949 range now constitutes the short-term technical reference zone, having been crossed during the session.
SectorSemi-conducteurs et matériel›Équipement & matériaux semi-conducteurs
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Context
Period
Period: T3 2026
Key reported figures
Revenue: 1 159 millions d'euros
Quarterly revenue: 1 159 millions d'euros
Revenue growth: 45 %
Net income: 308,1 millions d'euros
Guidance from the release
« The demand environment remains very strong. […] For 2027, we project revenue to increase to more than €5.7 billion at constant currencies. This means we expect to achieve the revenue target set for 2030 at our 2025 Investor Day three years ahead of plan. »
Risks mentioned
Supply chain conditions are increasingly tight, with continued need to work closely with suppliers and customers to support planned ramp in shipments
Changes in regulatory environment could impact growth projections
Mature logic/foundry sales expected to remain relatively stable, potentially limiting growth in this segment
Opportunities identified
Advanced logic/foundry expected to be strongest growth driver in 2027, supported by further increases in 2nm-related sales and strong momentum in 1.4nm
Strong growth expected in memory, particularly HBM-related DRAM reflecting higher customer investment levels
Recovery in power/analog/wafer segments expected to strengthen further in 2027
Outlook / guidance
Expected revenue: 4 284 millions d'euros
Management commentary: « Based on our Q4 guidance, revenue for the full year 2026 is expected to increase by approximately 35% at constant currencies, with equipment revenue expected to grow by more than 40%. »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
