Melexis stock falls 2.84 percent as buyback continues

Published on 09/24/2026 at 23:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melexis stock has a EUR 97.00 Bernstein target dated September 8, 2026. Q2 revenue reached EUR 217.06 million and net income EUR 30.78 million.

Reinraum mit Ingenieuren bei Wafer-Kontrolle für Automobil-Sensorchips — Fotorealistische Aufnahme einer Halbleiter-Reinraumfertigung zeigt Melexis NV, ISIN BE0165385973, mit Ingenieuren bei Sensorchip-Wafer-Kontrolle, Illustration mit AI erstellt.

Melexis stock (ISIN BE0165385973) stood at EUR 66.70 on Euronext Brussels on September 24, 2026, down 2.84 percent on the session. The move leaves the share 23.1 percent below its 52-week high of EUR 86.70 and gives the ongoing buyback added relevance for investors.

Buyback reaches 14,519 shares

On September 21, 2026, Yahoo Finance reported that Melexis purchased 14,519 shares between September 14 and September 18. The transactions totaled EUR 933,447 at an average price of EUR 64.29.

The current program allows purchases of up to 850,000 shares. After the latest transactions, treasury stock held under the program reached 253,537 shares, while total treasury stock stood at 1,085,028 shares.

Q2 revenue rises from Q1

Melexis generated EUR 217.06 million in revenue and EUR 30.78 million in net income in Q2 2026, according to Folivue. Compared with Q1 2026, revenue increased 7.4 percent from EUR 202.09 million, while net income rose 33.3 percent from EUR 23.09 million.

The quarterly comparison matters because the share price is closer to its 52-week midpoint than to its high. The Q2 operating result was EUR 38.57 million, versus EUR 33.17 million in Q1, an increase of 16.3 percent.

Bernstein sets EUR 97 target

Bernstein maintained a Buy rating and a EUR 97.00 price target on Melexis in a report dated September 8, 2026, as The Globe and Mail reported. The analyst consensus cited on the same page was Moderate Buy with a EUR 83.60 target.

That target spread creates a clear valuation reference: the Bernstein target is EUR 30.30 above the September 24 share price, while the consensus target is EUR 16.90 higher. The market will therefore weigh the buyback against the distance between current trading and the 52-week high.

Stock trades below yearly high

Melexis stock traded within a EUR 48.60 to EUR 86.70 52-week range as of September 24, 2026. Its market capitalization was EUR 2,626,459,840 on the same date, with Euronext Brussels remaining the primary listing for the Belgian semiconductor company.