BE Semiconductor Shares Hit a New All-Time High at €270
The Dutch semiconductor assembly equipment manufacturer continues its ascent at mid-session. The stock is up 0.94% at €267.50 after hitting a new all-time high of €270, surpassing the previous peak of €269.00. The year-on-year increase now stands at 146.5%.
Intra-session Breakthrough of €266.70 Resistance Extends the Rally
BE Semiconductor has broken above its technical resistance of €266.70 during the session and remains above it. The movement is part of a bullish dynamic that has been nurtured for several weeks: +3.6% over the week and nearly 45% over three months. The price is significantly distancing itself from its moving averages, at 15.55% above the MM20 (€231.50) and 35.07% above the MM50 (€198.05). The RSI at 69 is approaching the overbought zone without yet entering it, reflecting the strength of the buying flow without a clear signal of exhaustion. The previous absolute record had been set on May 14.
Morgan Stanley Raises Target to €300, Alphavalue to €200 Despite a Sell Rating
The recommendations published this week highlight the divergence in opinions among firms on the stock. Morgan Stanley raised its target from €200 to €300 on May 19, accompanying the stock with an 'overweight' rating. Alphavalue adjusted its target today from €168 to €200, while maintaining a 'sell' rating. The sectoral context remains supportive: Nvidia reported today a quarterly revenue of $81.6 billion, up 85% year-on-year, with $75.2 billion generated by data centers (+92%). Besi, which supplies hybrid bonding equipment used in AI-dedicated chips, directly benefits from this investment cycle. As a reminder, AI-related orders had doubled at the end of the first quarter in late April. The €266.70 resistance, now breached, becomes the first reference level on the downside.
