BE Semiconductor is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
From a fundamental viewpoint, the company is strong. It has a reasonable valuation with an EV/Sales ratio of 1.14x and a P/E ratio of 11.7. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year in order to aim a net margin of 10%.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the EUR 11.55 short term support. This trend should allow the stock to reach its EUR 12.3 long term resistance and then the EUR 13, corresponding to our main target (trendline).
According to both technical and fundamental elements, it seems opportune to take a long position around EUR 11.75 in order to benefit from the support of the 20-day moving average. The bullish trend should allow the security to reach the EUR 13 trendline. A stop loss will be placed at EUR 11.4 to avoid a downtrend.
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. 
