Movement Alert|ASML Rises 3.01% Overnight, Semiconductor Equipment Sector Rebounds as Multiple Banks Raise Target Prices

Market Focus
Jul 06

On July 6, ASML rose 3.01% overnight, trading at $1,840.52/share, with turnover of $5.0635 million. The stock rebounded sharply following a broad semiconductor equipment sector recovery and a wave of bullish analyst upgrades.

On the fundamental side, ASML previously raised its full-year revenue guidance, confirming sustained demand growth for advanced lithography equipment driven by AI chip manufacturing. Goldman Sachs raised its target price from EUR 1,770 to EUR 2,000, while UBS reaffirmed ASML as its top pick in the European tech hardware sector with a EUR 2,100 target. Degroof Petercam also upgraded its rating to Buy with a target of EUR 2,100.

The broader semiconductor equipment sector staged a collective rebound. Among sector peers, KLA-Tencor rose 6.73%, Lam Research gained 6.0%, Teradyne climbed 5.67%, Applied Materials advanced 5.13%, and Entegris added 4.08%. The recovery follows a sharp selloff on July 2 when the sector experienced significant selling pressure despite positive fundamental signals.

(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.)

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