Aixtron’s Sell-Off Collides with Analyst Upgrades as Chip Shortages Boost Long-Term Demand Picture
29.06.2026 - 04:32:56 | boerse-global.de
The sharp pullback in Aixtron’s stock has pushed it below a widely watched moving average, yet the retreat comes against a backdrop of surging long-term orders and fresh price-target increases from two major investment houses. Shares closed at €52.00 on Friday, shedding almost 13% over the preceding seven days, after a blistering 165% year-to-date rally that had left the stock technically overstretched.
The weekly decline of approximately 14% from the June 18 high of €62.68 has now taken the stock beneath its 50-day moving average of €52.44 — a level that had been acting as near-term support. The relative strength index has cooled to 44.4, moving from overheated territory into a neutral zone, suggesting that the extreme buying pressure has unwound. With the 200-day average still at €29.14, the broader uptrend remains intact, but the next technical floor is seen only around the €41 mark.
Analysts, however, are using the dip to upgrade their outlooks. Jefferies lifted its price target from €55.30 to €73.00 while keeping a buy rating, citing Aixtron’s leadership in equipment for gallium-nitride (GaN) and silicon-carbide (SiC) semiconductors — technologies essential for data centers and electric vehicles. Warburg Research also raised its target sharply, from €23.50 to €56.00, albeit with a hold recommendation. Both firms see the company achieving an operating margin as high as 30% by 2028, a figure above current consensus estimates.
Should investors sell immediately? Or is it worth buying Aixtron?
The fundamental case gets additional support from recent order flow. The MIT Lincoln Laboratory ordered two Hyperion 300 mm systems for GaN research, while Renesas took delivery of multiple Planetary MOCVD systems in May for high-volume GaN production. A cooperation with ROHM Semiconductor rounds out the customer wins. The G10 product family now accounts for roughly half of equipment revenue, and smooth deliveries of these systems will be critical when Aixtron reports second-quarter results on July 30.
The wider semiconductor landscape adds another layer to the narrative. Apple has raised prices on certain hardware by as much as €300, reacting to tightening DRAM supply that is driving up component costs. The resulting pressure on chipmakers to expand capacity indirectly benefits deposition-equipment suppliers, even though broader tech-sector weakness has weighed on sentiment in recent days.
Aixtron’s elevated annualized volatility of 67% points to a potentially dynamic start to the coming week. For traders, the €52 level is the first line of defense, with the larger question being whether the stock can reclaim its 50-day moving average. The answer may hinge on whether the July 30 update reveals that G10 deliveries are on track to hit the full-year revenue target of €560 million — a figure that will determine if the current consolidation is a pause or the start of a deeper correction.
Ad
Aixtron Stock: New Analysis - 29 June
Fresh Aixtron information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
