On September 14, ASML Holding NV fell 3.5% overnight, trading at $1,636.82/share, with turnover of $14.0057 million.
On the news front, Morgan Stanley lowered its target price on ASML from €1,930 to €1,700, prompting the market to reassess the company's valuation. The downgrade reflects a more cautious stance on ASML's near-term outlook amid concerns over China-related competitive dynamics and elevated valuations. The new target implies limited upside from current levels, contrasting with more bullish calls from other institutions.
Adding to the pressure, the broader semiconductor equipment sector experienced a sharp synchronized selloff. Within the Semiconductor Equipment sector, KLA Corporation fell 4.2%, Lam Research fell 4.1%, Teradyne fell 4.03%, Applied Materials fell 3.91%, and AXT Inc fell 5.43%, underscoring systemic weakness across the group that amplified the decline in ASML shares.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)