Melexis, the Belgium specialist of semi-conductor, has still an uptrend potential and is going toward its highest level.
The company shows strong fundamentals. The company is growing in terms of revenue year after year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market (From EUR 1.5 one year ago to EUR 2.12 EUR today).
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to breakout the EUR 37.3 resistance in order to open new bullish targets.
Thanks to these good indicators, it seems relevant to take a long position in Melexis above EUR 37.3. The target price will be the EUR 40/41 area (computed by the swing effect). A stop loss will be set at EUR 35.9.
Melexis N.V. specializes in the design and marketing of semi-conductors intended primarily for automotive equipment manufacturers. The group's activity is primarily organized around 4 families of products:
- sensors: primarily circuits for interfaces, pressure and acceleration measurement, and magnetic sensors;
- actuator: micro-controllers and peripheral integrated circuits used for dashboard indicators, windshield wipers, automatic door openers, etc.;
- radiofrequency circuits: transmitters, receivers, automatic identification systems, etc.;
- multiplexing circuits: optical and infrared circuits.
At the end of 2023, the group had 5 manufacturing sites located in Belgium, Germany, France, Bulgaria and Malaysia.
Net sales are distributed geographically as follows: Germany (12.6%), Switzerland (2.7%), Romania (2.6%), France (2.2%), Italy (1.8%), Austria (1.6%), Hungary (1.1%), the United Kingdom (0.3%), Spain (0.3%), Europe/Middle East/Africa (6%), China (15.5%), Hong Kong (9.5%), Japan (8.2%), Thailand (7.7%), South Korea (7%), Asia (10%), the United States (5.8%), Mexico (2.9%) and Americas (2.2%).
MELEXIS N.V. 
