SÜSS MicroTec

After the US midterm elections, skepticism about the AI boom triggered a sell‑off in tech and chip stocks, causing shares of Aixtron, Siltronic and SUSS MicroTec to fall sharply. Losses have pushed valuations down, and many names are again considered more attractively priced. SUSS MicroTec is cited as a favorite for a rebound due to healthy order books, improved revenue visibility and visible margin improvement, but management must continue to deliver operationally in the coming quarters. » More on deraktionaer.de

Jefferies cut its price target from €109 to €84 and Deutsche Bank Research from €100 to €94; both keep their rating at 'Buy'. The reasons are strong demand and a production relocation plan from Garching to Zhubei, which means some revenues are now expected only in 2027. The stock reacted positively, rising in XETRA trading at times about 5.3% to €52.90. » More on finanzen.net

Suss MicroTec lowers its 2026 sales forecast to €405–425 million and reduces the expected EBIT margin to 5–7%, despite a record-high order book. Parts of production will be moved to Zhubei (Taiwan) and Sternenfels, production at the Garching site will be discontinued; R&D and the corporate headquarters will remain in Germany. One-off costs of around €6.2 million as well as timing shifts and component shortages are said to explain much of the margin deterioration; the gross margin remains unchanged at 35–37%. Whether revenues are only delayed or permanently lost depends on the success of the production move and the easing of supply chains; 2027 will be the litmus test. » More on finanzen.net