On September 14, ASML Holding NV fell 4.02% in pre-market trading, trading at approximately $1,625.07 per share, with turnover of $4.6848 million.

On the news front, Morgan Stanley lowered its target price on ASML from €1,930 to €1,700 on its European-listed shares, reflecting a more cautious stance on the company's valuation and heightened concerns over China's competitive landscape. The downgrade prompted a broad reassessment of ASML's near-term outlook and triggered selling pressure across the semiconductor equipment sector.

The sector-wide weakness compounded the stock's decline. Within the Semiconductor Equipment industry, Lam Research fell 4.85%, Applied Materials fell 4.86%, KLA Corporation fell 5.12%, Teradyne fell 5.03%, and AXT Inc fell 7.15%, underscoring systemic risk aversion toward chip equipment names. Notably, Morgan Stanley simultaneously downgraded peer Infineon, signaling a broader rethink of European semiconductor valuations.

ASML's next earnings report is scheduled for October 14, with consensus EPS expectations of $12.59. Analysts' average target price remains at approximately $2,168, suggesting the market sees longer-term upside despite near-term headwinds.

(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.)