BE Semiconductor Industries (OTCMKTS:BESIY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of BE Semiconductor Industries NV (OTCMKTS:BESIY) saw unusually-high trading volume on Tuesday . Approximately 8,385 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 8,674 shares.The stock last traded at $202.49 and had previously closed at $202.38.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BESIY shares. Zacks Research upgraded shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of BE Semiconductor Industries in a research report on Tuesday, September 8th. Finally, Berenberg Bank raised shares of BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BE Semiconductor Industries presently has a consensus rating of “Buy”.

BE Semiconductor Industries Trading Up 0.5%

The company has a market capitalization of $14.75 billion, a P/E ratio of 66.71 and a beta of 1.99. The company has a quick ratio of 3.73, a current ratio of 4.28 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $247.80 and its 200 day moving average price is $267.66.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%.The company had revenue of $290.52 million for the quarter, compared to the consensus estimate of $285.58 million. As a group, equities research analysts predict that BE Semiconductor Industries NV will post 4.83 earnings per share for the current year.

About BE Semiconductor Industries

BE Semiconductor Industries N.V. (BESI) is a Netherlands-based semiconductor equipment manufacturer that develops, produces and markets systems used in the assembly and packaging of semiconductor devices. Its equipment is used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to connect, protect and package semiconductor components after wafer fabrication.

The company’s product portfolio includes die-attach systems, packaging equipment and related solutions for advanced semiconductor applications.