This High-Growth Chip Stock Just Beat Guidance and Raised Its Dividend
High-growth semi-cap equipment maker ASML Holdings (NASDAQ: ASML) just had its third-quarter earnings report today, October 14. The company is the sole provider of extreme ultraviolet lithography (EUV), which is a key technology to making smaller and more powerful semiconductor chips for the next decade. EUV anchors a machine portfolio that also includes deep ultraviolet lithography, and metrology and inspection -- technologies that should eventually grow over the next decade as more and more advanced semiconductors are made to fuel AI, 5G, and the Internet of Things.
ASML, one of the first companies to report this earnings season, just delivered a handy beat over analyst expectations, all while raising its dividend and announcing the restart of its share buyback. However, the stock slipped after the announcement. Here's why you should consider picking up some shares on any pullbacks.
Image source: Getty Images.
Source Fool.com
