'Undiscovered' Semco Technologies offers 'chuck-full of upside', Berenberg starts at 'buy'

Semco Technologies SA

01/10/2026 07:31

** Berenberg initiates coverage of Semco Technologies ALSEM.PA with "buy" as it sees the French semiconductor equipment manufacturer entering a high-growth and margin-accretive phase
** The brokerage sets PT at €68, noting it sees "chuck-full of upside" as the industry shifts towards the engineered chucking solutions it provides; the stock closed at €47.95 on Wednesday
** It expects demand for electrostatic chucks, a niche part holding semiconductor wafers in place, to rise as thinner materials face tighter contamination tolerances
** After years of qualifying its customer base, the company unlocked an attractive growth period aided by a planned tripling of production capacity by 2028, the brokerage adds
** Berenberg says the "undiscovered gem" trades at a discount despite holding top margins and having "effectively no direct competitor" due to its unique proprietary process
** All four analysts covering Semco Technologies rate the stock "buy" or "strong buy" -- LSEG data
     
     

(Reporting by Clement Martinot)
((Clement.Martinot@thomsonreuters.com;))