BE Semiconductor Industries (OTCMKTS:BESIY) Sees Unusually-High Trading Volume – Should You Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY – Get Free Report) shares saw strong trading volume on Thursday. Approximately 22,282 shares traded hands during trading, an increase of 131% from the previous session’s volume of 9,657 shares. The stock last traded at $176.11 and had previously closed at $184.00.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group downgraded BE Semiconductor Industries from a “buy” rating to a “sell” rating in a research note on Wednesday, October 7th. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, September 8th. Berenberg Bank raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Zacks Research cut shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BE Semiconductor Industries presently has an average rating of “Moderate Buy”.

Get Our Latest Report on BESIY

BE Semiconductor Industries Stock Performance

The stock’s 50-day simple moving average is $214.25 and its 200-day simple moving average is $265.02. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 53.15 and a beta of 1.99. The company has a current ratio of 4.28, a quick ratio of 3.73 and a debt-to-equity ratio of 0.60.

BE Semiconductor Industries (OTCMKTS:BESIY – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $290.52 million during the quarter, compared to analyst estimates of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. Analysts forecast that BE Semiconductor Industries NV will post 5.00 earnings per share for the current fiscal year.

About BE Semiconductor Industries

(Get Free Report)

BE Semiconductor Industries N.V. (BESI) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to package semiconductor devices after wafer fabrication, helping customers assemble, connect, protect and test chips for use in electronic products.

BESI’s product portfolio includes die-attach equipment, packaging systems, molding equipment and singulation systems. Its technologies support applications such as advanced semiconductor packaging, flip-chip assembly, thermo-compression bonding and hybrid bonding, which are used in products requiring higher performance, smaller dimensions and improved power efficiency.

Founded in 1995 and headquartered in Duiven, the Netherlands, BESI serves semiconductor manufacturers and assembly and test providers worldwide.

Further Reading

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