2024-03-12 01:35:58 ET
Summary
- BE Semiconductor Industries seems ideally positioned for the next generation of semiconductor packaging.
- Its leadership in hybrid bonding should fuel strong growth as foundries and memory manufacturers show signs of interest in their most advanced logic chips.
- The firm has a solid market share and stable management, with the founder still in charge as a CEO.
- The valuation is expensive in terms of short-term multiples, but a DCF model, capturing the full cycle, indicates an upside. I rate the company as a Buy.
My thesis
Read the full article on Seeking Alpha
For further details see:
BE Semiconductor Industries: Hybrid Bonding, An Enabler Of The AI Growth