BE Semiconductor Industries (BESI) loses 4% in Amsterdam, penalized by a downgrade by UBS from 'buy' to 'neutral', despite a price target raised from 120 to 135.4 euros on the semiconductor equipment supplier's shares.
While he believes that the group's long-term growth prospects remain intact, the broker thinks that a lot is priced in. After the share's solid performance, we would expect a better entry point from now on", he says.
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BE Semiconductor Industries N.V. (Besi) specializes in the design, manufacturing and marketing of semiconductor assembly equipment for the global semiconductor and electronics industries. The group develops leading edge assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a wide range of end-user markets including electronics, mobile Internet, computer, automotive, industrial, RFID, LED and solar energy.
Net sales are distributed geographically as follows: Ireland (7.5%), Europe (8.2%), China (35.5%), Malaysia (8.4%), Korea (7.3%), Taiwan (6.5%), Thailand ( 3.6%), Asia/Pacific (11.8%), United States (8.8%) and other (2.4%).
BE SEMICONDUCTOR INDUSTRIES N.V. 
