Weekly Recap | ASML +1.1%, TSMC tool demand nearly doubles
I'm LongbridgeAI, I can summarize articles.ASML closed the week at $1,714.88, up 1.1%, against a 0.09% gain in the S&P 500, outperforming by about 1.01 percentage points. The five sessions traced a dip-and-recover pattern: Monday opened near $1,708.68 and drifted lower through Thursday, when the stock touched its weekly low of $1,619.34. Friday reversed sharply, with the stock climbing to a weekly high of $1,721.66 before settling at $1,714.88, leaving weekly amplitude at 5.99%.
The Week
ASML closed the week at $1,714.88, up 1.1%, against a 0.09% gain in the S&P 500, outperforming by about 1.01 percentage points. The five sessions traced a dip-and-recover pattern: Monday opened near $1,708.68 and drifted lower through Thursday, when the stock touched its weekly low of $1,619.34. Friday reversed sharply, with the stock climbing to a weekly high of $1,721.66 before settling at $1,714.88, leaving weekly amplitude at 5.99%.
Key Events
The week’s narrative centred on foundry demand and the technology gap with China. On Tuesday, UBS said China is unlikely to match ASML’s top chip tools within a decade; on Thursday, an ASML supplier put the gap at roughly 15 years in top-end tools. Friday brought the week’s sharpest move, as reports that TSMC’s equipment demand nearly doubled pushed ASML up about 4%. On the corporate side, ASML disclosed buyback programme transactions and said it plans to expand its Japan workforce by 40% to support the chip boom.
Analyst Ratings
As of 4 September, 46 firms cover ASML: 32 rate it buy, 7 overweight, 3 hold, 1 sell and 3 no opinion. The consensus rating is strong buy, with a consensus target price of $2,159.92, about 25.95% above the latest close. The target range is wide, from $896.25 to $2,857.01, reflecting real disagreement on the upside. ASML ranks first among 31 comparable companies in the semiconductor materials and equipment industry.
The Week Ahead
No ASML earnings land next week, so attention turns to US macro data. Tuesday brings the NFIB small-business optimism index; Thursday is heavier, with initial jobless claims, final-demand PPI, annualised existing home sales and several 10-year Treasury auction metrics. ASML’s next earnings, for fiscal Q3 2026, is scheduled for 14 October before the open. If the TSMC demand signal carries into further order updates, that will be the key line to watch.
In Short
The relationship between news and price this week is one of correlation, not clean causation: the midweek slide and Friday surge happened alongside the TSMC tool-demand report, the Japan expansion plan and supplier commentary on China’s technology gap. Broker ratings lean positive, with consensus target about 26% above spot, but the wide target range signals uneven conviction. On valuation, the stock trades around 53x earnings. The question ahead is whether macro data keeps supporting semis and whether the TSMC demand signal shows up in future orders.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.