BE Semiconductor Industries NV (OTCMKTS:BESIY – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,411 shares, a decline of 41.8% from the July 30th total of 4,143 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,164 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Berenberg Bank raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BE Semiconductor Industries in a research report on Friday, May 15th. Finally, Zacks Research upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.
Check Out Our Latest Analysis on BESIY
BE Semiconductor Industries Price Performance
BE Semiconductor Industries (OTCMKTS:BESIY – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). The company had revenue of $290.52 million during the quarter, compared to analysts’ expectations of $285.58 million. BE Semiconductor Industries had a net margin of 28.42% and a return on equity of 46.44%. As a group, equities research analysts forecast that BE Semiconductor Industries will post 4.83 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.
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