(CercleFinance.com) – ASML accuses Friday of one of the largest drops in the AEX index of the Amsterdam Stock Exchange following a downgrade to ‘neutral’ from New Street Research analysts, who say they are worried about the gloomy outlook equipment manufacturers for the semiconductor industry.
In a research note, the independent analyst firm says it expects “uncertain” and “moderate” growth in the semiconductor wafer processing equipment (WFE) market through 2025.
Faced with this gloomy picture, the valuations of the big players in the sector – such as the Dutch ASML and the American Applied Materials – do not really offer significant upside potential, believes New Street.
Following these comments, ASML shares lost 1.1% on Friday afternoon on Euronext Amsterdam, marking the third largest drop in the AEX index.
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