BE Semiconductor Industries (OTCMKTS:BESIY) Issues Earnings Results, Meets Estimates

BE Semiconductor Industries (OTCMKTS:BESIY) announced its quarterly earnings results on Thursday. The technology company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76, Zacks reports. BE Semiconductor Industries had a return on equity of 32.38% and a net margin of 22.27%.

BE Semiconductor Industries Price Performance

Shares of BESIY stock traded up $0.90 during midday trading on Thursday, reaching $283.50. 2,221 shares of the company traded hands, compared to its average volume of 6,676. The company has a debt-to-equity ratio of 1.22, a current ratio of 5.55 and a quick ratio of 4.88. BE Semiconductor Industries has a 1-year low of $106.35 and a 1-year high of $300.77. The firm has a market cap of $20.56 billion, a PE ratio of 151.60 and a beta of 1.78. The firm’s 50 day simple moving average is $224.74 and its two-hundred day simple moving average is $189.53.

Analysts Set New Price Targets

Several research firms have issued reports on BESIY. Kepler Capital Markets downgraded shares of BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Sanford C. Bernstein restated an “outperform” rating on shares of BE Semiconductor Industries in a research note on Sunday, January 4th. Berenberg Bank raised BE Semiconductor Industries to a “hold” rating in a report on Monday, February 23rd. Needham & Company LLC raised BE Semiconductor Industries to a “buy” rating in a report on Tuesday, January 6th. Finally, Citigroup reissued a “neutral” rating on shares of BE Semiconductor Industries in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, BE Semiconductor Industries currently has an average rating of “Hold”.

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.