Melexis stock trades flat as buyback and targets shape view

Published on 09/29/2026 at 06:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melexis stock was last at EUR 66.80 on September 25, 2026, while Bernstein kept a Buy rating and EUR 97.00 target. Q2 revenue rose 3 percent.

Makrofoto eines integrierten Schaltkreises mit feinen Bonddrähten — Makroaufnahme zeigt winzigen integrierten Schaltkreis mit Goldbonddraehten, passend zu Melexis NV, ISIN BE0165385973, im Sensorchip-Segment, Illustration mit AI erstellt.

Melexis stock (ISIN BE0165385973) was last at EUR 66.80 on Euronext Brussels on September 25, 2026, with a 52-week range of EUR 48.60 to EUR 86.70. The latest company action is a buyback of 14,519 shares, while the next valuation reference is Bernstein's EUR 97.00 price target.

Buyback adds a capital return signal

According to GlobeNewswire on September 21, 2026, Melexis purchased 14,519 shares between September 14 and September 18 at an average price of EUR 64.29. The release said the company held 1,085,028 treasury shares after purchases under its current and previous programs.

The current program allows purchases of up to 850,000 shares, and Melexis had acquired 253,537 shares under that program by the release date. That makes the buyback a measurable capital allocation factor rather than a purely symbolic announcement.

Bernstein sees EUR 97.00 value

As The Globe and Mail reported on September 8, 2026, Bernstein analyst Aleksander Peterc maintained a Buy rating and a EUR 97.00 price target in a report released on September 7. At EUR 66.80, that target stands EUR 30.20 above the last quoted price.

The same report placed the analyst consensus at a Moderate Buy rating with an average target of EUR 83.60. The difference between the Bernstein target and the consensus shows a wide spread in expectations, making the upcoming operating figures important for the stock's valuation narrative.

Second-quarter growth met margin pressure

Investing.com reported that Melexis generated EUR 217.3 million of revenue in Q2 2026, up 3 percent from the prior year. Gross margin reached 40.5 percent and operating margin 17.8 percent, but net income declined 19 percent to EUR 30.8 million, or EUR 0.76 per share.

For Q3 2026, the company guidance cited by Investing.com called for revenue of EUR 220 million to EUR 225 million. The contrast between higher sales and lower net income leaves margins and earnings conversion as the central checkpoints for the next report.

Melexis stock stays below yearly high

Melexis stock was last at EUR 66.80 on Euronext Brussels on September 25, 2026, unchanged from the prior close. The market capitalization was EUR 2.7 billion, while the last quoted level stood EUR 19.90 below the 52-week high of EUR 86.70.