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Investing.com - BofA Securities has reiterated its Buy rating on BE Semiconductor (AS:BESI) (OTC:BESIY) following a meeting with the company’s CEO Richard Blickman. The stock, currently trading at $144.17, has delivered impressive returns of 26.07% over the past year and 23.46% in the last six months, though InvestingPro analysis suggests the company is trading above its Fair Value.
The semiconductor equipment manufacturer is seeing improved visibility into 2026, with BofA Securities analyst Didier Scemama noting more positive commentary around customer dynamics in his research note. With a market capitalization of $11.55 billion and a healthy gross profit margin of 63.31%, BESI maintains a solid financial foundation despite its relatively high P/E ratio of 67.58.
BofA highlighted that OSAT utilization rates are improving with PC and smartphone demand marginally better, while BESI appears to be ahead of competition in hybrid bonding with its dual-head design versus competitors’ single-head architecture.
The research firm expects foundry orders for BESI in the fourth quarter of 2025, with first installations scheduled for May/June 2026 and second installations in September/October 2026.
BofA also noted that BESI’s CPO business is expected to perform strongly in 2026, with orders from high-end smartphone models anticipated to arrive in Q4 2025 or Q1 2026.
In other recent news, Morgan Stanley has raised its price target for BE Semiconductor to €160 from €135, maintaining an Overweight rating on the stock. This adjustment comes in the wake of a strategic partnership announcement between AMD and OpenAI, which plans to deploy 6 gigawatts of AMD GPUs, with an initial deployment of 1 gigawatt slated for the latter half of 2026. While BE Semiconductor was not directly mentioned in this partnership, the developments seem to have influenced Morgan Stanley’s outlook on the company. These recent updates highlight the dynamic nature of the tech industry and its potential impacts on companies like BE Semiconductor. Investors may find these developments noteworthy as they consider their positions.
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