Melexis shares suffered a sharp decline at the close of trading on the Brussels Stock Exchange, reflecting a wider downturn across European equity markets.
The Belgian sensor manufacturer was among the hardest hit as investors pulled back from technology names.
La Libre Belgique reported that the broader market weakness was concentrated in the technology segment, with Melexis bearing the brunt of the selling pressure in Brussels.
European bourses finished predominantly in the red, with the semiconductor sector leading the losses.
The sell-off was driven by mounting doubts regarding the current valuations of chip stocks, which have traded at premium multiples in recent months.
La Libre Belgique reported that the broader market weakness was concentrated in the technology segment, with Melexis bearing the brunt of the selling pressure in Brussels.
The move comes as part of a broader risk-off sentiment in European equities.