ASML Holding NV (ADR) (NASDAQ:ASML) decided to acquire Cymer, Inc (NASDAQ:CYMI) for 1.95 billion Euros or $2.6 billion to fulfill customer demand for more advanced chip making technology. The Europe’s biggest semiconductor-equipment supplier marked its biggest accord ever.
Both companies reported on Wednesday that Cymer investors will receive 1.15 ASML ordinary shares and $20 in cash for every share. That values Cymer at 72% over the ending price of Cymer in New York on Tuesday.
Shares of the Cymer surged 57% to settle at $74.86 at 10:18 AM local time. However shares of ASML plunged around 5.6 in Amsterdam.
The purchase will assist ASML Holding, whose clients comprise Samsung Electronics Co and Intel Corporation (NASDAQ:INTC), boost research in costly next-generation techniques to manufacture semiconductors more powerful as they become smaller.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Cymer, Inc. (NASDAQ:CYMI) rose +49.38% to settle at $71.45, Ultratech, Inc. (NASDAQ:UTEK) moved up +2.12% to end at $30.40 while Canon Inc. (ADR) (NYSE:CAJ) jumped +0.15% to finish at $32.44 on Wednesday.
ASML Holding N.V. (ADR) (NASDAQ:ASML) last session’s volume of 24.03 million shares was higher than its average volume of 2.39 million shares. The stock after opening at $52.52 hit high price of $52.64 and then closed at $52.64 by scoring 50.08%.
ASML generated revenue of $6.67 billion in the previous twelve months and earned $1.57 billion. The Company showed a positive 23.57% in the net profit margin as well as in its operating margin which remained at 26.24%. Company’s annual sales growth for the past five years was 9.55%.
The ASML’s past twelve months’ price to sales ratio was 3.15 and price to cash ratio remained 6.01. As far as the returns are concerned, ASML’s return on equity was recorded as 16.98% and return on investment increased 36.21%.
The stock showed weekly downbeat performance of -6.27% which was maintained for the month at -11.21%. Likewise the negative performance for the quarter was recorded as -10.17% and for the year was 25.83% while the YTD performance remained at 21.23%.
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