BE Semiconductor Industries (OTCMKTS:BESIY) Shares Gap Up – Time to Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $336.84, but opened at $358.60. BE Semiconductor Industries shares last traded at $359.4375, with a volume of 743 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BESIY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. Berenberg Bank raised BE Semiconductor Industries to a “hold” rating in a research report on Monday, February 23rd. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Finally, Zacks Research raised BE Semiconductor Industries to a “strong-buy” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, BE Semiconductor Industries has an average rating of “Moderate Buy”.

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BE Semiconductor Industries Price Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.17 and a current ratio of 4.74. The company has a 50-day simple moving average of $288.94 and a 200-day simple moving average of $223.91. The company has a market cap of $25.96 billion, a price-to-earnings ratio of 161.99 and a beta of 1.97.

BE Semiconductor Industries (OTCMKTS:BESIY – Get Free Report) last released its earnings results on Thursday, April 23rd. The technology company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%.The company had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $220.77 million. As a group, research analysts predict that BE Semiconductor Industries NV will post 4.46 earnings per share for the current year.

BE Semiconductor Industries Company Profile

(Get Free Report)

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.

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