AlphaValue/Baader Europe Updates Rating, Forecasts for BE Semiconductor Industries Amid Sustained Chip Demand

02:35 AM EDT, 07/21/2026 (MT Newswires) -- AlphaValue/Baader Europe revised its rating and earnings projections for BE Semiconductor Industries (BESI.AS), noting the continued investment in the semiconductor sector. "We have slightly increased our revenue growth projections for FY 26, FY 27, and FY 28 given the current investment levels going on in the semiconductor industry, and the shortage of supply in advanced packaging across the big chip manufacturers. We have also increased our EV/Sales multiple to 12 from 11 previously, as the current growth and profitability levels demand a higher multiple. Consequently, our [net asset value-based] valuation has gone up," the research firm said Monday. Against this backdrop, analysts revised their rating on the stock to reduce from sell, with a price target of 220 euros. For full-year 2026, AlphaValue/Baader Europe expects the Dutch chip equipment maker to deliver 857 million euros in sales, an operating profit of 360 million euros and benchmark EPS of 3.96 euros.