BE Semiconductor's Stock Hits All-Time High at €266, Soaring 123% Over One Year

A New Intraday Record at €266 Extends a 50% Rally Over Three Months

BE Semiconductor's stock reached a new all-time high of €266.00 this afternoon, before settling back to €264.90. This movement is part of a sustained rally: +50.34% over three months and +123.2% over a year. The previous peak of €263.80, reached on May 6, lasted only a week. Technically, the price is well above all its moving averages, with a gap of nearly 27% from the 20-day moving average (€209.27) and 87% from the 200-day moving average (€141.77). The Bollinger Bands place the stock at the upper end of the band at 86%, close to the upper limit at €287.38. The RSI has reached 70, entering the overbought zone. The session is unfolding in a favorable index context: the CAC 40 is up 0.82% at 8,073.29 points, and the SBF 120 is up 0.83%.

A Stretched Valuation Supported by a Doubling of AI Orders Announced in April

The rally is based on fundamentals that have been praised by the market for several weeks. During the quarterly release on April 23, the Dutch company reported a doubling of order intakes related to hybrid bonding for artificial intelligence, despite a slight erosion of gross margin. The company also announced on May 5 the early repayment of its €175 million convertible bonds due in 2029, an operation that will take place on June 4, 2026. The valuation is stretched: based on the consensus of 22 analysts recorded in early May, the stock is trading at approximately 68.7 times current year earnings and 46.2 times next year's, compared to a sector average of 25.1 times for technology. The consensus anticipates earnings per share growth of 48.7% from one year to the next. Institutional investors continue to dominate the shareholder base, holding 61.4% of the capital. The next technical marker is at the upper Bollinger Band at €287.38.