BE Semiconductor Industries (OTCMKTS:BESIY) Sees Large Volume Increase – Time to Buy?

BE Semiconductor Industries NV (OTCMKTS:BESIY) saw an uptick in trading volume on Friday . 18,245 shares changed hands during trading, an increase of 166% from the previous session’s volume of 6,870 shares.The stock last traded at $317.98 and had previously closed at $319.66.

Wall Street Analysts Forecast Growth

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

BE Semiconductor Industries Stock Performance

The stock has a market capitalization of $22.99 billion, a PE ratio of 143.45 and a beta of 1.96. The firm has a fifty day moving average price of $256.46 and a two-hundred day moving average price of $207.11. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.74 and a quick ratio of 4.88.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. BE Semiconductor Industries had a return on equity of 38.42% and a net margin of 24.02%.The company had revenue of $216.51 million for the quarter, compared to analysts’ expectations of $220.77 million. Research analysts expect that BE Semiconductor Industries NV 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.