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

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $335.27 and last traded at $334.88, with a volume of 11606 shares trading hands. The stock had previously closed at $315.10.

Wall Street Analyst Weigh In

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

BE Semiconductor Industries Stock Performance

The company’s 50-day simple moving average is $267.97 and its 200 day simple moving average is $212.83. The company has a current ratio of 4.74, a quick ratio of 4.17 and a debt-to-equity ratio of 1.11. The stock has a market cap of $24.20 billion, a P/E ratio of 150.99 and a beta of 1.96.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its earnings results on Thursday, April 23rd. The technology company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. BE Semiconductor Industries had a net margin of 24.02% and a return on equity of 38.42%. The firm had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $220.77 million. As a group, sell-side analysts expect that BE Semiconductor Industries NV will post 4.46 EPS for the current fiscal 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.