BE Semiconductor Industries (OTCMKTS:BESIY) Sets New 52-Week High – Time to Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $203.25 and last traded at $200.8550, with a volume of 2916 shares trading hands. The stock had previously closed at $201.0465.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BESIY shares. Kepler Capital Markets lowered BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research note on Wednesday, October 15th. Zacks Research raised shares of BE Semiconductor Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Needham & Company LLC raised BE Semiconductor Industries to a “buy” rating in a research note on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, BE Semiconductor Industries presently has a consensus rating of “Hold”.

BE Semiconductor Industries Stock Performance

The company has a debt-to-equity ratio of 1.46, a current ratio of 5.75 and a quick ratio of 5.02. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 98.94 and a beta of 1.82. The stock has a 50-day moving average of $162.62 and a 200 day moving average of $153.30.

BE Semiconductor Industries (OTCMKTS:BESIY) last released its earnings results on Thursday, October 23rd. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. BE Semiconductor Industries had a net margin of 25.42% and a return on equity of 33.98%. The firm had revenue of $154.12 million during the quarter, compared to analyst estimates of $160.84 million. On average, analysts expect that BE Semiconductor Industries NV will post 4.56 EPS for the current year.

About BE Semiconductor Industries

BE Semiconductor Industries NV (OTCMKTS:BESIY), commonly known as BESI, is a global supplier of assembly equipment for the semiconductor industry. The company designs, develops and manufactures capital equipment used in the back-end production of semiconductor devices, including die attach, wire bonding and flip chip packaging systems. BESI’s platforms support a wide range of applications from memory and logic chips to advanced power devices and radio-frequency modules, enabling high precision, throughput and yield in device assembly and test processes.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI went public on Euronext Amsterdam in 1999.