Publication date: August 14, 2025

On February 27, 2025 and on April 24, 2025, we already wrote extensively about the popular BE Semiconductor Industries N.V (BESI) stock. The conclusion of the most recent article was that the share price would find a bottom around € 80, and from that level would start the advance towards the price target of € 190.

Now we are several months further on and there is cause for an update.










We advise you to first read back the previous article on BESI. That way you have the full background information and can best assess this article. The April 24, 2025 article on BESI can be found HERE.


How has BESI developed in recent months?

The development and events of the past four months are shown in the price chart below.

As expected, the bottom at €80 was set in early April as a result of the announcement of import duties from the US.
On April 15, 2025, BESI announced that it had taken note of a press release from Applied Materials. The latter had acquired a 9% stake in BESI on April 14, making Applied Materials the largest shareholder, ahead of BlackRock Institutional Trust.

On May 5, 2025, BESI announced the receipt of replenishment order for five TCB Next systems from a major chip manufacturer, worth approximately $20 million. Investors reacted enthusiastically to these two events. This caused a stock price jump of over 40%.

During Investor Day on June 12, 2025, BESI raised its long-term outlook significantly. The income forecast was raised from €1 billion to €1.5 - 1.9 billion, with a 5% higher operating margin. This was attributed to rising demand for advanced "hybrid bonding" solutions, mainly driven by AI and data center applications. The market did not react enthusiastically.

Figures for the second quarter (Q2 2025) were announced on July 24. BESI missed quarterly expectations but thanks to strong strategic outlook, especially in AI-focused markets and advanced technologies, investor sentiment ultimately remained positive.


What is our expectation for BESI's share price?

Our expectation is positive. The bottom at €80 was perfectly calculated by our system. In case you missed the buy consideration on April 24, 2025 at €95,-, then you can still take action. Currently, BESI is quoted around €125. The price target has been raised to €200, and there are still plenty of opportunities to enter along the way.

Below is the price chart as of September 2024. This gives a clear picture of the most likely scenario.

In the short term, according to our algorithmic model, the price is expected to rise about 15% to € 145. We then expect a correction after which the BESI share price will continue its advance with a price jump of around 40%. After that, the price may cool off before making the final move to the 2026 price target at €200.

Conclusion

In the April 24, 2025 article, we gave a buy for consideration at the price of €95. Currently, BESI is quoted at € 125. This update serves to ensure that if you missed this opportunity, you can still make the consideration because a short-term and long-term price increase is expected by our model. Price target 2026 is €200. Keep the stoploss at a close below € 75 for now.

Note: BESI is and very cyclical company with high tops and deep lows. To reach these, one must be prepared to take a moving ride. A modest position is therefore worth considering.

On October 23, 2025, BESI will publish its third quarter figures.

Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.