TP ICAP cuts Semco to 'hold' after 92% rally this year

Semco Technologies SAS

11/05/2026 11:55

** TP ICAP MIDCAP cuts semiconductor component maker Semco Technologies ALSEM.PA to 'hold' from 'buy' after shares nearly doubled this year, limiting further upside

** The broker still sees "quality in fundamentals and execution" and raises its margin forecasts, noting profitability has already reached the 2028 target

** Its new target price of 52 euros, up from 40 euros, however is already broadly in line with the current share price

** The stock is last at 53.3 euros, down 0.9%. As of Friday's close, shares were up 92%​ YTD, LSEG data show

 (Margaux Perrin and Jakob Van Calster)

 ((margaux.perrin@thomsonreuters.com and jakob.vancalster@thomsonreuters.com))