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Deutsche Bank increased the price target for BE Semiconductor Industries from €160 to €190 while maintaining a buy recommendation. An interim update revealed a healthy order book, with order intake around €250 million, 26% above consensus and a book-to-bill ratio of 1.6, the highest since Q1 2021.

Growth was driven by increased bookings from Asian subcontractors for 2.5D data center applications and renewed demand from photonics customers. Expected orders for hybrid bonding technology were also received, likely from TSMC.