BESI Stock Hits New Record and Targets €290

A New Historical Record at €287.80 Extends the Series of Highs

BE Semiconductor stock reached €287.80 during the session, a new historical high surpassing the previous record of €283.40 set the day before. The stock is up 1.17% at €285.30, while the CAC 40 is down nearly 1% at the same time.

Today's session continues an almost uninterrupted series of records since early May. The stock had crossed the €263.80 mark on May 6, then €266 on May 14, before reaching €270 on May 21. The increase is nearly 12% over a week and 44% over three months. Over a year, the performance is more than 170%, making it one of the strongest in the European semiconductor segment. The Dutch equipment manufacturer also announced in early May the early repayment of €175 million in convertible bonds due 2029, scheduled for June 4.

A Stretched Technical Setup, with an RSI at 74 and a Price 16% Above the MM20

The bullish momentum is accompanied by a stretched technical configuration. An RSI at 74 indicates an overbought zone, reflecting the acceleration of recent sessions. The price is approximately 16% above the 20-day moving average (€245.64), an unusual gap that measures the magnitude of the recent rally. The former resistance threshold of €282, tested several times, has now been surpassed.

Regarding valuation, the stock is trading at about 72 times the expected earnings for the current fiscal year and 48 times those for the next year, according to the consensus of analysts surveyed. This multiple already incorporates sustained growth prospects, in a context where global demand for semiconductor assembly equipment remains strong due to the deployment of artificial intelligence. The next technical milestone for the stock is now the psychological threshold of €290, after surpassing today's record.