BE Semiconductor Industries : Despite the hybrid bonding opportunity, it is probably too soon to come back to the stock – Neutral rating and € 55 target price maintained
>Neutral rating and € 55 target price maintained - Following this release, we are maintaining our Neutral rating and € 55 target price. The stock was up 1% yesterday despite very disappointing Q2 orders and Q3 guidance, which indicates that a portion of the downward revisions was probably already priced in by the market. We nonetheless remain cautious and think that this weakness could go on for a few quarters yet. We recently downgraded our rating on BESI from Outper...BE Semiconductor Industries N.V. (Besi) is a holding company. The Company is engaged in the development, manufacturing, marketing, sales and service of semiconductor assembly equipment for the global semiconductor and electronics industries. It operates through three segments: Die Attach, Packaging and Plating. It develops assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a range of end user markets, including electronics, computer, automotive, industrial and solar energy. The Company offers products, such as Die attach equipment, which include single chip, multi-chip, multi module, flip chip, thermo-compression bonding (TCB) and enhanced wafer level ball grid array (eWLB) die bonding systems, and die sorting systems; Packaging equipment, which include wafer level molding and singulation systems, and Plating equipment, which include metal plating systems and related process chemicals.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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