ASM International Shares Surge 9.83% at Opening, Driven by Semiconductor Sector Momentum
ASM International sees a significant uptick this Thursday morning, outperforming the general downturn of the CAC 40. This rise is part of a positive trend for the Dutch semiconductor equipment manufacturer, boosted by substantial sector results.
The share price soared to €670.20 at the opening, marking a gain of nearly 9.83% compared to the previous close of €610.20. This sharp rise contrasts with the weakness of the Paris index, which is down 0.24% this morning. On a broader scale, ASM shows solid performance, with a gain of 6.31% over the past week and an increase of 24.39% over the past three months, significantly outperforming the CAC 40's annual rise of 11.96%. However, trading remains limited, with only 0.19% of the capital engaged, indicating focused interest from certain operators rather than widespread enthusiasm. This limited volume comes in a context where the Taiwanese giant TSMC just posted record results on Thursday morning for the fourth quarter, driven by demand for artificial intelligence, boosting confidence across the equipment supplier ecosystem.
Technical Outlook Remains Strong
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Technically, the stock shows a dynamic configuration. The Relative Strength Index (RSI) stands at 72, placing ASM in an overbought zone, where a correction could be considered after such a pronounced upward movement. More encouragingly, the MACD indicates positive momentum, with its main line at 31.09 above the signal line at 24.83, confirming the persistence of the upward trend. The stock is now well above its two main moving averages: it is €140.54 above its 50-day average (€529.66) and €173 above its 200-day average (€497.24), reflecting a solidly established long-term trend.
Graphical Breakthrough and Analyst Upgrades
Graphically, ASM has broken through its short-term resistance at €630.40, opening up new room for progression up to €652.56, which is delineated by the upper Bollinger band. The stock maintains a comfortable distance from its major supports, the main one being set at €469.30. The monthly volatility displayed at 14.95% remains moderate relative to the gain recorded this morning, while the very low beta of the stock (0.11) explains its decoupling from the general market. Several analysts have raised their price targets on Thursday, with Morgan Stanley naming it a new Top Pick and setting its target at €625 before the stock, while UBS has raised its target to €685.
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.
