Degroof Petercam lifts Melexis stock rating and keeps EUR 56.00 target

Published on 10/19/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due October 28, 2026 for Melexis stock. The interim dividend was EUR 1.30 per share, paid October 15, 2026.

Catalyst and company figures

Degroof Petercam moved its rating from Reduce to Hold on October 16, 2026 and retained a EUR 56.00 target.
Second-quarter 2026 revenue reached EUR 217.06 million, up 7.00 percent sequentially.
Melexis had a EUR 2.3 billion market capitalization as of October 18, 2026.

Pop-Art-Comic mit futuristischem Autocockpit und leuchtenden Sensor-Icons — Pop-Art-Comic-Szene stellt futuristisches Autocockpit mit Sensor-Icons dar, inspiriert von Melexis NV, ISIN BE0165385973, Automobilelektronik-Zulieferer, Illustration mit AI erstellt.

Melexis (ISIN BE0165385973) won a rating upgrade from Reduce to Hold while Degroof Petercam kept its EUR 56.00 price target in a report dated October 16, 2026, according to ABM Financial News. The analyst also removed Melexis from the house short list after the share price had moved close to the target.

Second-quarter figures set the baseline

Melexis reported EUR 217.06 million in revenue for the second quarter of 2026, up 7.00 percent from the first quarter. Net income was EUR 30.78 million and diluted earnings per share were EUR 0.76 for the same period, figures carried by Investing.com.

The operating picture was mixed. Second-quarter gross margin reached 40.50 percent, while net income declined 19.00 percent from the year-earlier period. Melexis therefore enters the next results date with revenue growth but a lower earnings contribution.

Three dates explain the recent story

On July 29, 2026, Melexis reported second-quarter revenue of EUR 217.06 million and net income of EUR 30.78 million. On October 13, 2026, an Invesco filing showed 4.99 percent of voting rights after a transfer dated October 1, 2026, according to FinancialFilings. On October 16, 2026, Degroof Petercam raised its rating from Reduce to Hold and retained the EUR 56.00 target.

What does EUR 56.00 mean for valuation?

Degroof Petercam's unchanged target stood below the EUR 56.75 closing level cited in its October 16 report. That narrow gap helps explain the more neutral rating, while the next earnings release will test whether the second-quarter revenue increase can translate into stronger profit growth.

Next reporting date matters

Melexis is scheduled to publish its third-quarter 2026 results on October 28, 2026, according to Investing.com. The release is the next dated test for revenue, margins and the analyst view.

Market value sets the context

Melexis operates in the technology sector and semiconductor industry, with its primary listing on Euronext Brussels. Its market capitalization was EUR 2.3 billion as of October 18, 2026, and its 52-week range was EUR 48.60 to EUR 86.70.