BE Semiconductor Industries (OTCMKTS:BESIY) Upgraded to “Strong-Buy” at Berenberg Bank

Berenberg Bank upgraded shares of BE Semiconductor Industries (OTCMKTS:BESIY) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on the company. Zacks Research raised BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BE Semiconductor Industries in a report on Friday, May 15th. Finally, Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

BE Semiconductor Industries Stock Up 9.0%

Shares of BESIY stock opened at $253.94 on Tuesday. BE Semiconductor Industries has a 52-week low of $122.81 and a 52-week high of $374.33. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 83.26 and a beta of 2.01. The firm’s 50-day moving average is $303.02 and its 200-day moving average is $260.75. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.17 and a current ratio of 4.74.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The business had revenue of $290.52 million for the quarter, compared to the consensus estimate of $285.58 million. BE Semiconductor Industries had a return on equity of 51.09% and a net margin of 28.42%. Sell-side analysts predict that BE Semiconductor Industries will post 4.83 EPS for the current year.

BE Semiconductor Industries Company Profile

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.