BE Semiconductor Industries NV (OTCMKTS:BESIY) Sees Significant Drop in Short Interest

BE Semiconductor Industries NV (OTCMKTS:BESIY) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 2,987 shares, a drop of 60.3% from the May 14th total of 7,533 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 15,090 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Berenberg Bank upgraded shares of BE Semiconductor Industries to a “hold” rating in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BE Semiconductor Industries in a research note on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, May 19th. Finally, Zacks Research upgraded shares of BE Semiconductor Industries to a “strong-buy” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Stock Performance

Shares of OTCMKTS:BESIY traded down $8.14 on Friday, hitting $360.50. 1,110 shares of the company were exchanged, compared to its average volume of 7,039. BE Semiconductor Industries has a 1-year low of $122.81 and a 1-year high of $368.64. The stock’s 50 day moving average price is $291.96 and its 200 day moving average price is $225.48. 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 firm has a market capitalization of $26.14 billion, a P/E ratio of 163.12 and a beta of 1.97.

BE Semiconductor Industries (OTCMKTS:BESIY) last posted its quarterly earnings data 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 business had revenue of $216.51 million during the quarter, compared to the consensus estimate of $220.77 million. Sell-side analysts predict that BE Semiconductor Industries will post 4.46 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.